EUR/USD Technical Analysis: Initial resistance emerged at the 3-month resistance line above 1.1100
- EUR/USD is prolonging the post-ECB rebound on Friday, managing to retake the key barrier at 1.1100 the figure and above.
- The upside has so far tested and failed at the 3-month resistance line at 1.1108.
- Above this area the downside pressure should subside somewhat and allow for a move higher to the more relevant 1.1142/63 band, where coincide the 55-day SMA and late August top.

EUR/USD daily chart

Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

















