EUR/USD Technical Analysis: Extra gains could meet the 1.1100 area near term

• EUR/USD has resumed the moderate upside on Thursday and is approaching the 1.1070 region after bottoming out near 1.10 the figure in the wake of the FOMC event.
• Immediately to the upside emerges the next target at last week’s top near 1.1110 and the 3-month resistance line, today at 1.1088.
• A clear of this region on a sustainable fashion should mitigate the downside pressure somewhat and refocus the trade to the 55-day SMA at 1.1124 and late August peak at 1.1163.

EUR/USD daily chart