EURUSD recently reversed up from the support zone lying between the key support level 1.17600 (low of the previous short-term correction (a) from the middle of August), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from July. Given the moderately bullish sentiment affecting the euro today – EURUSD is likely to rise further toward the next resistance level 1.20000 (top of the (b)-wave from the start of this month).