• EUR/USD reverses part of the recent sell-off on Thursday.
• Extra gains are likely once 1.0800 is cleared.

EUR/USD finally picks up some convincing upside traction and approaches the key resistance area near 1.0800 the figure on Thursday.

If the pair surpasses the 3-month resistance line near 1.0800, it could then extend further the march north with the immediate target at the 2023 peak at 1.1032 (February 2).

In the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0320.

EUR/USD daily chart