EUR/USD Price Analysis: Rising odds for a move to 1.1500

EUR/USD remains under pressure in the mid-1.1500s.
The outlook for the pair stays fragile and appears vulnerable.

Pablo Piovano FXStreet

EUR/USD extends the consolidative trade range for yet another session and always around the 1.1550 zone on Tuesday.

Another visit to the 2021 low at 1.1529 remains well on the table in the near future amidst the ongoing bearish context. A deeper pullback from here should trigger a relatively quick test of the 1.1500 neighbourhood, where the March 2020 high sits.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side below the key 200-day SMA, today at 1.1939.

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.1542
Today Daily Change	37
Today Daily Change %	-0.09
Today daily open	1.1552

Trends
Daily SMA20	1.1666
Daily SMA50	1.1738
Daily SMA100	1.1849
Daily SMA200	1.1946

Levels
Previous Daily High	1.1587
Previous Daily Low	1.1549
Previous Weekly High	1.164
Previous Weekly Low	1.1529
Previous Monthly High	1.1909
Previous Monthly Low	1.1563
Daily Fibonacci 38.2%	1.1564
Daily Fibonacci 61.8%	1.1572
Daily Pivot Point S1	1.1539
Daily Pivot Point S2	1.1525
Daily Pivot Point S3	1.1501
Daily Pivot Point R1	1.1576
Daily Pivot Point R2	1.16
Daily Pivot Point R3	1.1614

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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