EUR/USD Technical Analysis: Room for a test of the 200-day SMA at 1.1367

• EUR/USD has come under renewed selling pressure at the beginning of the week after recording fresh 3-month tops near 1.1350 on Friday.
• The corrective up move still carries the potential to extend further and visit the critical 200-day SMA at 1.1367 in the short-term horizon.
• A breakout of this resistance area could pave the way for another test of March peaks in the 1.1445/50 band.

EUR/USD daily chart