support for the Dollar

EUR/USD reached levels above 1.1100 for the first time in five months, boosted by broad-based Dollar weakness. EUR/GBP hit monthly highs slightly below 0.8700 but then pulled back.

GBP/USD peaked at 1.2802, the strongest level since August, and then retreated modestly. The trend is up, but the Pound needs to consolidate above 1.2800 to open the doors to more gains