*Dec5 euro-dollar open $1.1866,........>

EURO SUMMARY: *Dec5 euro-dollar open $1.1866, range $1.1862 to $1.1877

*Euro-dollar opened in Asia toward the upper end of yesterday's $1.1829 to

$1.1888 range, where positive progress on pro-growth tax reform underpinned the

greenback for the majority of the session, lower US rate yields late in the

piece saw some gains being surrendered. 

*Sideways consolidation was the theme during the Asia session, the euro held a

narrow $1.1862 to $1.1877 range, with flows kept to a minimum.

*Support is being found near to the daily ichimoku cloud top ($1.1834), while

resistance is located at $1.1880/85 (hourly high, 50% fib $1.1940-$1.1829).

*European PMI's for November provide the initial event risks for the session

ahead