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Another bout of USD-selling is now lifting EUR/USD to fresh monthly highs beyond the critical barrier at 1.10 the figure.The pair is now picking up extra pace and surpassed the 1.10 handle following the persistent selling bias in the Greenback, which has forced the US Dollar Index to recede to the 98.80 region, or 3-day lows.The squeeze higher in spot comes despite EuroGroup’s Centeno reiterated that the economic outlook on the region faces increasing risks, particularly from Brexit.Moving forward, investors will closely follow the developments from the US-China trade talks, expected to resume later today in Washington. Speculations of a deal have been mounting in past hours, particularly after Chinese officials left the door open for some sort of a partial deal.Data wise today, the German trade surplus shrunk more than expected to €18.1 billion during August, with Exports contracting 1.8% and Imports expanding 0.5%. Across the pond, l be on the release of inflation figures gauged by the CPI for the month of September.The pair has finally surpassed the critical juncture at the 1.10 handle amidst the continuation of the correction lower in the US Dollar. Looking at the broader picture, the relentless slowdown in the region does nothing but justify the ‘looser for longer’ monetary stance by the ECB and the bearish view on the single currency for the next months. On another front, potential US tariffs on imports of EU cars remain well on the table, while the Brexit limbo and UK politics also adds to the current negative view.At the moment, the pair is advancing 0.42% at 1.1017 and faces the next resistance at 1.1055 (55-day SMA) seconded by 1.1109 (monthly high Sep.13) and finally 1.1143 (100-day SMA). On the downside, a breakdown of 1.0958 (10-day SMA) would target 1.0879 (2019 low Oct.1) en route to 1.0839 (monthly low May 11 2017).Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or