EUR/USD - Met Our Target at 1.2000 and Is Moving Slightly Higher - 09/20/2017 (GMT)

The last five days are quite interesting for the EUR/USD pair. The euro posted another green day versus the U.S. dollar and reached our recommended target at 1.2000 (see technical analysis here: http://bit.ly/2xlVZhs) on yesterday’s trading period. The next target to have in mind is the 1.2090 resistance level, 32-month high, which trounced in the previous two weeks.

From the technical point of view, on a monthly basis, the common currency pair is still developing above the 50-SMA and is recording the seventh bullish month in a row. On the daily chart, the RSI indicator is rising above the 50 level, whilst the MACD oscillator is approaching the trigger line for a bullish crossover and is moving into the positive path.