EUR/USD Technical Analysis: Resistance lies in the low-1.1300s, where is located the 55-day SMA

• The rally in EUR/USD met strong resistance in the 1.1320 region for the time being.
• The 55-day SMA at 1.1311 remains as a key hurdle for EUR-bulls ahead of the 100-day SMA at 1.1345. This area is reinforced by the critical 200-week SMA at 1.1337.
• Looking at the broader picture, the  negative view stays intact as long as the +6-month resistance line, today at 1.1395, caps the upside. In this scenario, another test of 2019 lows in the 1.1180/70 band stays on the cards for the time being.

EUR/USD daily chart