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The euro currency is on track to post gains for the fourth consecutive session.

The common currency is rising once again on the back of a weaker USD.

Price action is still a few pips away from the 1.1900 level. But a breakout above this level could signal a move toward the 1.2000 handle next.

To the downside, the risks are diminishing. Unless we see a reversal that will close below 1.1805, we expect the upside to prevail for the moment.

EURUSD will need to break out from the trend line in order to confirm the upside further.

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