EUR/USD Technical Analysis: Initial resistance emerged at the 3-month resistance line above 1.1100

• EUR/USD is prolonging the post-ECB rebound on Friday, managing to retake the key barrier at 1.1100 the figure and above.
• The upside has so far tested and failed at the 3-month resistance line at 1.1108.
• Above this area the downside pressure should subside somewhat and allow for a move higher to the more relevant 1.1142/63 band, where coincide the 55-day SMA and late August top.

EUR/USD daily chart