The US Dollar has NOT produced a more positive tone in December, despite the anticipated progression of tax reform legislation, which has generally lead to other asset classes signalling a “risk on” environment (Equities higher, Bond markets lower).
This has allowed the Major global currencies to stage mid-December rallies against the US$ Dollar.
For EURUSD, we see an intermediate-term range environment, between 1.1961 and 1.1712, but with the skewed bias shifting to the upside into latter December.
GBPUSD is also in both wide and narrow ranges (the wider range between 1.3026 and 1,3658), but again with a slight upside bias into the holiday season and year-end
See full indepth article with video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/eurusd-and-gbpusd-positive-within-range-environments/