During Tuesday, the EUR/USD currency pair traded sideways within the cluster formed by the weekly R2, as well the weekly R1 and the monthly PP, located at 1.1234 and 1.1171 respectively.
If the given cluster holds, it is expected, that the exchange rate could maintain its consolidation within the following trading session.
However, note, that the pair is supported by the 55-hour moving average, currently located at 1.1192. Thus, the rate could breach the given cluster north.
It is unlikely, that the pair could decline lower than 1.1137 due to the support formed by the 100– and 200-hour SMAs.
