EURUSD – bulls maintain momentum for further gains

EURUSD continues to trend higher, showing minimal negative impact from hotter-than-expected US PPI data (June 0.2% m/m vs 0.1% forecast and 0.0% in May).

The latest bullish leg extends into its third consecutive day, pressuring Thursday’s post-US CPI spike high of 1.0898, which guards pivotal barriers at 1.0919 (June 4), 1.0981 (March 8), and 1.10 (psychological).

The pair is also on track for its third consecutive weekly gain, with expectations for further upside if fundamentals remain favorable.

The broken 76.4% Fibonacci barrier at 1.0857 offers initial support, followed by the more significant daily cloud top at 1.0835.

Res: 1.0900; 1.0919; 1.0981; 1.1000
Sup: 1.0857; 1.0835; 1.0821; 1.0800