EUR/USD Technical Analysis: Stays fragile below the resistance line at 1.1287

• EUR/USD manages to rebound from weekly lows near 1.1180 and has retaken the 1.1200 barrier, although the recovery lacks of conviction for the time being.
• The critical resistance zone remains in the 1.1260/70 band, where converge recent peaks and the 55-day SMA. Spot should clear this area in the near term, otherwise sellers are likely to return to the markets.
• In the meantime, EUR/USD remains offered below the key multi-month resistance line at 1.1287. Against this backdrop, another visit to YTD lows near 1.1100 remains well on the cards.

EUR/USD daily chart