EUR/USD Technical Analysis: The 1.1100 region keeps capping the upside
EUR/USD has regained some poise after recent tops in the 1.0990 region, advancing afterwards to the 1.1070 area, where it lost some impetus.
The 1.1100 neighbourhood, coincident with last week’s tops and the 3-month resistance line remains a key barrier for extra gains.
A clear of this region on a sustainable fashion should alleviate downside pressure and refocus the trade to the 55-day SMA at 1.1129 and late August peak at 1.1163.