EUR/USD’s rally gains momentum towards 1.1900.
Additional upside could see resistance at 1.1965 tested (August high)
EUR/USD continues to the bounce from weekly lows, extending gains for a third consecutive session towards 1.19.
Further gains are possible with 1.19 as a target prior to August’s high at 1.1965.
If the upside momentum holds EUR/USD could advance to 1.20 (year to date high)
Longer term, the upbeat outlook on EUR/USD, should remain unchanged as long as the pair trades above 1.1201 (today’s 200-day SMA).