• EUR/USD maintains the bid bias unchanged above the 1.0800 hurdle.
• Further upside could likely see the 55-day SMA revisited in the near term.

EUR/USD adds to the weekly leg higher and looks to consolidate the breakout of the key 1.0800 mark on Wednesday.

A more serious bullish attempt is expected to quickly surpass the so far monthly high at 1.0823 (June 13), to then refocus on the transitory 55-day SMA, today at 1.0878. North from here comes the weekly top at 1.0904 (May 16).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0531.