- 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.
EUR/USD daily chart
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