GBP/EUR: Pound Snaps 3 Day Winning Streak vs. Euro
  • EUR/USD advanced to a monthly high 1.1930.
  • Next resistance at 1.1965 (August 18).

EUR/USD gains traction, rallying to a new monthly high at 1.1925/30 on Wednesday.

A meaningful move beyond here could bring the summer high of 1.1965 (August 18) back on into focus. This could open the door to the 2020 high past 1.20.

Whilst EUR/USD trades above the 200-day SMA, 1.1392 today, the outlook is bullish.