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EUR/USD jumped half a cent in early Friday morning, as E.U. and Italy reached a deal on immigration. That led to broader U.S. dollar selling, with USD index repeatedly rejecting prices above 95 (also 200 WMA). The displayed momentum suggests continuation. That being said, EUR/USD is likely to encounter some resistance near 1.175, if not earlier.
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GBP rallies on Brexit deal progress
Pound pairs rallied yesterday as E.U. and U.K. reached an important Brexit milestone. GBP/USD ran stops above 1.40 and is currently holding above the big figure. It's a big week for GBP data-wise, starting with inflation today, jobs tomorrow and retail sales on Thursday, along with BOE meeting and E.U. summit. 50 DMA has to hold if the momentum is to remain in place. In broader terms, 1.375 - 1.425 range still in play.