*Dec15 euro-dollar open $1.1778,.......>

EURO SUMMARY: *Dec15 euro-dollar open $1.1778, range $1.1765-$1.1792

*Euro opened in Asia towards the lower side of yesterday's $1.1771 to $1.1863

range, where after a choppy session, the euro was placed on the defensive

following Draghi's press conference that was deemed dovish

*Euro eased lower from $1.1778 to $1.1765 before meeting demand. The move was

predominantly euro-yen led, with supply reported from quant accounts

*Euro-yen demand into today's Tokyo-fix pushed the rate up from near $1.1777 to

$1.1790 before easing to $1.1779 post-fix

*Further demand in euro-yen, on reports that a BoJ dissenter had called for more

easing measures, then pushed the pair to a new session high of $1.1791 before

easing back to the mid-$1.1780's

*Close-by option expiries include, $1.1700(E2.59bn), $1.1750(E764mn),

$1.1800(E2.86bn) and $1.1850(E790mn)

*Support is being found near to the 55-dma, currently at $1.1760, while hourly

resistance is found at $1.1801.