The common European currency for the third consecutive trading session continued to gain new heights against the US Dollar.
Namely, on Monday morning the currency pair had surged above the resistance of the 23.60% Fibonacci retracement level, which was located at the 1.1757 mark. Due to that reason the pair faces no resistance up to the 1.1812 level, where the weekly R1 is located at.
Meanwhile, note that a junior ascending pattern was charted on Monday morning, which has guided the currency pair for almost a week.
