EUR/USD Technical Analysis: A new visit to 1.1100 and below still remains on the table

• EUR/USD keeps the rangebound theme unchanged so far today despite the re-emergence of some selling bias.
• Extra gains remain limited by the 1.1223/31 band, where converge the 100-day and 55-day SMAs ahead of monthly tops near 1.1250.
• The inability of the pair to regain this area of resistance in the near term (the sooner the better) should encourage sellers to return to the market on a more convincing fashion, motivating spot to retreat to, initially, the 1.1100 neighbourhood ahead of 2019 lows near 1.1020.

EUR/USD daily chart