EUR/USD Technical Analysis: a test of 1.10 remains on the cards

• EUR/USD stays under pressure despite the ongoing recovery on US-China headlines.
• The cross needs to regains the key 55-day SMA in the 1.1040 region to reassert the upside pressure and therefore allow for attest of the 11-day SMA around 1.1110.
• The continuation of the selling pressure targets the psychological barrier at 1.10 the figure ahead of the 1.0920 region.

EUR/USD daily chart