EUR/USD PRICE ANALYSIS: OUTLOOK SHIFTS TO CONSTRUCTIVE ABOVE 1.0800
- 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).
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