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.

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