EUR/USD Technical Analysis: A test of 1.1181 looks likely while below the 100-day SMA at 1.1258

• EUR/USD remains under pressure at the beginning of the week and is flirting with the 55-day SMA in the 1.1230 zone.
• In the meantime, another visit to the 1.1180 area stays well on the cards as long as the 100-day SMA at 1.1258 caps the upside .
• Further up emerges the more relevant hurdle at the 200-day SMA at 1.1330. Above this area, the pair is expected to shift its focus to monthly tops near 1.1420.

EUR/USD daily chart