EUR/USD Price Analysis: Extra gains face the next obstacle at 1.0880

• EUR/USD adds to Monday’s gains and surpasses 1.0800.
• Further upside could dispute the 55-day SMA near 1.0880.

EUR/USD extends the bullish momentum north of the 1.0800 hurdle on Tuesday.

A more serious bullish attempt is expected to put the transitory 55-day SMA at 1.0878 to the test ahead of the weekly peak at 1.0904 (May 16).

Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0527.

EUR/USD daily chart