EURUSD Stalls Near 1.1950

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The euro currency continues to push higher as price action closed above 1.1900 on Friday.

Afterward, the euro gained nearly 0.30% on the day on Monday.

Following a brief rise to intraday highs of 1.1966, the common currency pulled back.

Price action is testing the 19th August highs. If we see a reversal off this level, then there is a possibility of a decline as a result of the double top pattern.

But, for the moment, the bias remains to the upside.

Above 1.1966, the next level of interest will be the 1.2000 handle.

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