– EUR/USD shoots past the 1.0800 barrier, or multi-week highs.
– Extra gains appear on the cards above 1.0800.
EUR/USD picks up extra pace and surpasses the 1.0800 hurdle for the first time since early September.
A clear breakout of the 200-day SMA, today at 1.0801, should shift the pair’s outlook to a more constructive one and open the door to a potential challenge of the weekly high of 1.0945 (August 30).
EUR/USD daily chart
Source: https://www.fxstreet.com/news/eur-usd-price-analysis-outlook-shifts-to-constructive-above-10800-202311141450