EUR/USD Price Analysis: Some consolidation appears on the table

EUR/USD partially reverses Monday’s marked gains.
The pair could trade in a range bound theme in the short term.

Pablo Piovano FXStreet

EUR/USD fades the earlier bullish attempt to the 1.0580 region on Tuesday.

In case bulls regain the upper hand, the pair should surpass the monthly peak of 1.0639 (October 12) to allow for extra gains to, initially, the interim 55-day SMA at 1.0735 ahead of the weekly top of 1.0767 (September 12).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA

EUR/USD daily chart

EUR/USD

Overview
Today last price	1.055
Today Daily Change	47
Today Daily Change %	-0.10
Today daily open	1.0561

Trends
Daily SMA20	1.0571
Daily SMA50	1.0721
Daily SMA100	1.0832
Daily SMA200	1.0824

Levels
Previous Daily High	1.0563
Previous Daily Low	1.0511
Previous Weekly High	1.064
Previous Weekly Low	1.0496
Previous Monthly High	1.0882
Previous Monthly Low	1.0488
Daily Fibonacci 38.2%	1.0543
Daily Fibonacci 61.8%	1.0531
Daily Pivot Point S1	1.0527
Daily Pivot Point S2	1.0493
Daily Pivot Point S3	1.0475
Daily Pivot Point R1	1.0579
Daily Pivot Point R2	1.0597
Daily Pivot Point R3	1.063

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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