• EUR/USD trades in a cautious tone in the low-1.0800s ahead of ECB.
• There is a temporary hurdle at the 55-day SMA near 1.0880.

EUR/USD keeps the volatile mood above the 1.0800 level ahead of the key ECB gathering on Thursday.

A more serious bullish attempt is expected to quickly surpass the so far monthly high at 1.0864 (June 14), to then refocus on the transitory 55-day SMA, today at 1.0876. 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 1.0535.

EUR/USD daily chart