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  • EUR/USD is looking to extend the recovery from recent YTD lows in the 1.0880 region, although strong resistance emerged in the 1.0950/60 band.
  • That said, a breakout of this area should expose the minor hurdle at the 21-day SMA at 1.10.
  • Further up aligns the critical short-term resistance line, today at 1.1033. The pair needs to clear  this zone in order to  alleviate the downside pressure somewhat.

EUR/USD daily chart