Further gains retarget 1.0945

EURUSD trades without clear direction in the mid-1.0800s following the previous daily decline on Thursday.

The continuation of the upward bias could see the weekly high of 1.0945 (August 30) revisited sooner rather than later. Once cleared, spot could challenge the psychological threshold of 1.1000.

So far, while above the significant 200-day SMA, today at 1.0803, the pair’s outlook should remain constructive.