GBP/EUR: Pound Rallies Ahead Of BoE Announcement
  • EUR/USD hovers close to weekly high1.18
  • Resistance seen at 1.1917 (Sept. 10 high)

EUR/USD encountered resistance at 1.18 a weekly high so far after breaking through the resistance  line (off 2020 highs) today around 1.1750 in a meaningful way.

The pair could advance towards  September 10 high around1.1915/20

EUR/USD remains bullish longer term whilst it trades above the 200-day SMA, today at 1.1258.