EUR/USD keeps pushing higher and tests 1.17 and beyond. Attention now shifts to the September 2018 highs above 1.1800. EUR/USD recorded new 22-month peaks in the 1.1720 region earlier on Monday, extending the upside momentum for yet another session.
While overbought conditions might spark some correction lower in the near-term, the underlying bullish bias remains unchanged. That said, immediately to the upside emerges the 1.1815/52 band, where converge the September/June 2018 highs.
Looking at the broader picture, as long as the 200-day SMA, today at 1.1073, holds the downside, further gains in EUR/USD remains well on the table.