EUR/USD Technical Analysis: A test of the 55-day SMA around 1.1050 stays on the table
|- EUR/USD has managed to rebound from recent lows near 1.1100 the figure and advanced to the 1.1160/65 band earlier today, where it lost some vigour.
- The expected dovish tone from the ECB event later today carries the potential to spark another challenge of the 1.1100 neighbourhood.
- If the selling impetus gathers further traction, then the critical 55-day SMA in the mid-1.10s would become the next target of relevance.
EUR/USD daily chart
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