EUR/USD Technical Analysis: the bullish attempt could test the 100-day SMA near 1.1120

• EUR/USD has reversed the recent downside after testing fresh 3-week lows in the proximity of 1.1050 earlier today.
• Initial and interim hurdle emerges at the 21-day SMA just below 1.1100 the figure ahead of the more relevant 100-day SMA at 1.1117.
• A break above this area of resistance should expose once again the critical barrier at 1.1179, October’s peak.

EUR/USD daily chart