EUR/USD Price Analysis: Aims to capture 1.1100 as USD Index eyes more downside

EUR/USD Price Analysis: Aims to capture 1.1100 as USD Index eyes more downside EURUSD Fed ECB SupportResistance DollarIndex

EUR/USD has demonstrated a decent recovery after building a base around 1.1040 as USD Index corrects further.Persistent Eurozone core inflation will create more troubles for the ECB.has rebounded after building a base around 1.1040 in the early European session. The major currency pair is aiming to capture the critical resistance of 1.1100 for the first time in the past year.

Upward-sloping 20-period Exponential Moving Average at 1.1020 indicates that the short-term trend is extremely solid.

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