EUR/USD Price Analysis: Interim barrier aligns around 1.1200

• EUR/USD extends the strong rebound to the 1.1160 zone.
• Next on the upside is seen the 55-day SMA near 1.1200.

EUR/USD has quickly left behind the 1.1100 hurdle and rose to new 4-week tops in the 1.1160/65 band on Wednesday.

That said, the recovery now targets the temporary resistance at the 55-day SMA, today at 1.1201 ahead of the 1.1250 region, where the 100-day SMA and the 8-month line coincide.

The medium-term negative outlook for EUR/USD is expected to remain unchanged while below the key 200-day SMA, today at 1.1492.

EUR/USD daily chart