GBP/EUR: Euro Rallies vs. Pound As Italy Seeks To Avoid Debt Crisis
  • EUR/USD’s rally continues.
  • Resistance eyed  at 1.1920 (high November 9)

EUR/USD advances towards  the key level at 1.19.Immediate resistance is seen around 1.19.

Further bullish momentum could see the pair target 1.1920 the monthly high from November 9.

Beyond there a move towards August’s high at 1.1965 (August 18) could be on the cards. While EUR/USD trades above the 200-day SMA, today at 1.1366 the bullish bias remains intact.