- EUR/USD advances to new highs around 1.0970 on Friday.
- The continuation of the upside retargets the 1.1000 hurdle.
EUR/USD maintains the bullish outlook well and sound for the fifth consecutive session on Friday, this time hitting new 5-week tops around 1.0970.
Further gains remain well on the table for the time being. Against that, the pair is expected to challenge the psychological barrier at 1.1000 once the June peak at 1.0970 (June 16) is cleared.
Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0540.
EUR/USD daily chart
This article was originally published by Fxstreet.com. Read the original article here.