• EUR/USD rises for the third session in a row and trespasses 1.0400.
• Further gains could challenge the monthly peak around 1.0480.

EUR/USD flirts with the multi-month resistance line around 1.0450 amidst the continuation of the upside momentum on Thursday.

A close above the key 200-day Simple Moving Average, today at 1.0391, is needed to shift the pair’s outlook to positive and thus allow for extra gains to potentially visit the November high at 1.0481 (November 15).

Above the latter, the pair could aim for a move to the round level at 1.0500.

EUR/USD daily chart