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The common currency is posting a steady gain against the US dollar as price closed in the green for the third session in a row.

This comes after EURUSD fell to the support area near 1.1714 earlier in the week.

However, the previous highs were met with the resistance off the trend line. But price action is drifting back near these levels.

EURUSD is still a few pips off the previous highs near 1.1900. A close and a breakout above this level will confirm the uptrend with the next target at 1.2000 level.

The downside looks limited for the moment as long as the 1.1714 support holds up.

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