EUR/USD Price Analysis: Green light to 1.1100 and above

• EUR/USD pushes higher to weekly peaks around 1.1080.
• Interim barrier comes at the 20-day SMA at 1.1094.

EUR/USD picks up further pace and advances to multi-day tops in the 1.1070/80 band on Thursday.

As long as bulls remain in control, then the pair could attempt a test of the temporary hurdle at the 20-day SMA, today at 1.1094. Further north comes the more relevant weekly top at 1.1121 (March 10) ahead of the interim hurdle at the 55-day SMA at 1.1251. The selling pressure is seen alleviated once the pair clears the 6-month resistance line, today near 1.1280.

The negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1535.

EUR/USD daily chart