On the daily chart, EUR/USD is in a downtrend below the 200-day SMA. The market has gone up over the 50/200-day MAs this week. The EUR/USD has moved close to the 1.1103 resistance. Although the upward movement has been slowed down, the cops remain at the helm. Rise above the 1.1103 resistance is needed to increase the upward movement towards 1.1138 and 1.1161/78.