EUR/USD PRICE ANALYSIS: EXTRA GAINS FACE THE NEXT OBSTACLE AT 1.0880

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  • EUR/USD adds to Monday’s gains and surpasses 1.0800.
  • Further upside could dispute the 55-day SMA near 1.0880.

EUR/USD extends the bullish momentum north of the 1.0800 hurdle on Tuesday.

A more serious bullish attempt is expected to put the transitory 55-day SMA at 1.0878 to the test ahead of the weekly peak at 1.0904 (May 16).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0527.


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