EUR/USD Technical Analysis: Spot looks vulnerable near YTD lows around 1.1100

• EUR/USD has resumed the downside on Tuesday following yesterday’s mild and unfruitful recovery attempt.
• The continuation of the down move is expected to challenge yearly lows in the proximity of 1.1100 the figure. While below the multi-month resistance line at 1.1283, the negative stance in the pair is seen unchanged.
• Occasional bullish attempts should meet initial hurdle in the 1.1185/90 band, where coincide the 21-day and 10-day SMAs.

EUR/USD daily chart