Euro follows Sterling higher on Brexit news. USD, JPY, CHF in misery

Euro follows Sterling higher on news of Brexit transition agreement. The optimistic development now leaves Dollar, Yen and Swiss Franc in misery going into US session. In particular, it now looks like EUR/USD has defended 1.2251 minor support well. And the correction from 1.2445 might be finished with three waves down to 1.2257. Focus is immediately back on 1.2235 minor resistance now. Break will bring stronger rise to 1.2412/45 resistance zone.

EUR/CHF looks set to end days of dull trading and have a take on 1.1740.