EUR/USD Technical Analysis: Immediate target on the upside remains at 1.1300 and above

• EUR/USD is extending the weekly upside and is now approaching the key barrier at 1.1300 the figure, regarded as the immediate target.
• A surpass of this important hurdle should pave the way for a visit to the key 200-week SMA in the 1.1335/40 band.
• However, as long as the pair remains below the +6-month resistance line, today at 1.1399, the resumption of the bearish mood stays well on the cards, with target at the 1.1180 region (2019 lows).

EUR/USD daily chart