The euro strengthened against most major currencies in the Asian session on Monday ahead of Italian constitutional referendum due to be held this weekend.

Traders await the Italian constitutional referendum on December 4. French Republican primary results expect Francois Fillon to win the election, beating the National Front's Marine Le Pen.

A speech by European Central Bank President Mario Draghi in European Parliament is also largely awaited by the traders before the ECB's rate decision on December 8.

In the Asian trading, the euro rose to nearly a 2-week high of 1.0685 against the U.S. dollar, nearly a 3-week high of 1.0770 against the Swiss franc and nearly a 2-week high of 1.4394 against the Canadian dollar, from Friday's closing quotes of 1.0591, 1.0739 and 1.4308, respectively. If the euro extends its uptrend, it is likely to find resistance around 1.10 against the greenback, 1.09 against the franc, and 1.48 against the loonie.

The euro advanced to 0.8541 against the pound, from Friday's closing value of 0.8482. The euro is likely to find resistance around the 0.90 region.

Against the Australian and the New Zealand dollars, the euro climbed to 4-day high of 1.4309 and 1.5095 from last week's closing quotes of 1.4219 and 1.5022, respectively.

On the upside, 0.90 against the pound, 1.47 against the aussie and 1.56 against the kiwi are seen as the next resistance level for the euro.

Meanwhile, the euro fell to a 4-day low of 118.82 against the euro, from Friday's closing value of 119.75. The euro may test support near the 116.00 region.

Looking ahead, Eurozone M3 money supply data for October is due to be released at 4:00 am ET.

At 8:10 am ET, European Central Bank executive board member Benoît Cœuré gives a speech at the annual conference of the American-Hellenic Chamber of Commerce, in Athens.

At 9:00 am ET, European Central Bank President Mario Draghi will testify about the European Central Bank's perspective on economic and monetary developments and the consequences of the Brexit before the European Parliament's Economic Committee, in Brussels.

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