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*Dec19 euro-dollar open $1.1782,.......>

EURO SUMMARY
EURO SUMMARY: *Dec19 euro-dollar open $1.1782, range $1.1777 to $1.1790
*Euro opened in Asia towards the middle of yesterday's $1.1737 to $1.1834 range,
where initially better bid on tighter 2-year Bunds-UST spreads, the euro gave
some ground back as UST rallied late in the piece. 
*Euro-dollar was a slow affair in Asia, investors were on hold ahead of the US
tax vote leaving the euro broadly unchanged  on the session
*Traders suggested a large option strike rolling off today at $1.1775(E861mn),
may have acted to contain the narrow range.
*Initial support is located at $1.1774 (61.8% fib $1.1737-$1.1834), while
resistance is seen at $1.1804/23 (100-dma, Daily cloud top)
*German IFO for December is the early focus for the session ahead, which also
includes US housing starts and building permits.

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