EUR/USD Price Analysis: Additional gains to clear 1.0620

• EUR/USD revisits the area above 1.0600 once again on Tuesday.

• The continuation of the rebound should target the 1.0620 area.

EUR/USD stabilized again after Monday’s pessimism and crossed the 1.0600 barrier.

If bullish momentum returns, the pair should retarget the minor barrier at 1.0617 (September 29) before the weekly high of 1.0767 (September 12). On the upside, if the bears pull back higher, the pair could return to yearly lows near 1.0450 (October 3).

Meanwhile, further losses are on the table until the pair navigates the area below the key 200-day SMA, at 1.0823 today.

EUR/USD daily chart