- EUR/USD extends trading at the upper end of the range near 1.0880.
- The next upside target is the weekly high of 1.0945.
EUR/USD adds to Thursday’s small gains and flirts with the key 1.0880 zone at the end of the week.
Continuation of the bullish bias could challenge the immediate bullish barrier at 1.0900 ahead of the weekly high of 1.0945 (Aug 30). Once the latter is breached, the pair could challenge the psychological threshold of 1.1000.
For now, as long as it remains above the important 200-day SMA, today at 1.0804, the pair’s outlook should remain constructive.
EUR/USD Daily Chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
