- 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.