*Dec18 euro-dollar open $1.1752,.......>

EURO SUMMARY: *Dec18 euro-dollar open $1.1752, range $1.1737 to $1.1765

*Euro-dollar opened in Asia at the lower side of Friday's $1.1749 to $1.1812

range, where progress on the tax reform bill, with two key Republicans deciding

to support it, helped to underpin the greenback.

*The weak close in New York encouraged a move to the downside, the pair edged

lower to $1.1737 before finding demand

*Initial broad based US dollar strength gave way to consolidation, euro

recovered to $1.1765 and then range-traded around $1.1760 for the balance of the

session

*Key-support is located at $1.1709 (61.8% fib $1.1554-1.1961), daily cloud base

is also seen below at $1.1698, while hourly resistance is seen just above

$1.1780.

*Ahead in Europe, Euro-zone inflation data will be the main focus, consensus for

CPI is 0.1% m/m and 1.5% y/y.