EURUSD continues to rise after the earlier upward reversal with the daily Morning Star from the key support level 1.17160 (which stopped the previous correction (iv)), standing close to the 38.2% Fibonacci correction of the previous upward impulse from the end of June. Given the rising bullish sentiment affecting the euro today (coupled with the moderate dollar bearishness) – EURUSD is likely to extend the gains toward the next resistance level 1.19000 (which stopped the previous impulse waves (iii) and 1).
