EUR/USD Technical Analysis: Rising odds for a test of 2019 lows near 1.1100 in the short-term

• The pair remains well into the negative territory so far today, reversing at the same time two consecutive weekly closes with gains.
• The inability of EUR/USD to clear the critical 1.1250/60 band – where coincide monthly tops and the 55-day SMA – has opened the door to a return of sellers and the palpable chance of a visit to YTD lows in the 1.1100 neighbourhood in the next weeks.
• The bearish stance is thus expected to prevail as long as the pair navigates below the key multi-month resistance line at 1.1291.

EUR/USD daily chart