Eur/Usd: Asia open $1.1782, range......>

EURO SUMMARY: Eur/Usd: Asia open $1.1782, range $1.1777-96. Europe open $1.1793,

range $1.1790-1.1819.

* Pullback off Monday's high of $1.1834 extended to $1.1776 in NY before rate

settled around $1.1780 into the close. 

* Early consolidation in Asia between $1.1780/85 before rate marked a low of

$1.1777 then recovered to $1.1796 into Europe. 

* Europe marked a base at $1.1790 before rate continued its recovery, edged on

to a high of $1.1819 before faltering. 

* Mixed data in Germany Ifo provided some negative counter leaving rate to

settle back around $1.1805 late morning. 

* Eur was seen with a firm undertone in the crosses which helped to keep rate

buoyed. 

* Initial support $1.1777/76 then $1.1774 (61.8% $1.1737-$1.1834). Resistance

$1.1820/23 ahead of $1.1835/45. 

* Markets generally slow ahead of Christmas break. US Tax Reform reaction

remains in focus.