*Dec22 Euro-dollar open $1.1874,.......>

EURO SUMMARY: *Dec22 Euro-dollar open $1.1874, range $1.1817 to $1.1876

*Euro-dollar opened in Asia towards the upper side of yesterday's $1.1849 to

$1.1890 range, where consolidation was largely the theme

*Reaction to the Catalan election result, with the pro-independence parties

claiming victory, saw the euro edge lower from $1.1876 to $1.1865

*Reports that German Foreign Minister Sigmar Gabriel has warned of minority

government, also adding, an unstable government in Germany could probably lead

to political upheaval in Europe placed the euro under broad-based pressure. The

rate plunged from the mid $1.1860's to $1.1817 before stabilizing. Liquidity was

said to be poor and may have exaggerated the move.

*Recoveries were held to $1.1852 and for the balance of the session the pair

consolidated near $1.1850.

*Support is found at $1.1810/05 (50% $1.1718-$1.1902, 100-dma), while Asia's

high of $1.1876 provides resistance

*French Q3 GDP provides the event risk for the session ahead