EUR/USD closed lower due to profit taking on Monday as it consolidates above the 20-day moving average crossing. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought and are turning neutral to bearish hinting that the market is vulnerable to additional weakness near-term. Closes below the 20-day moving average crossing would temper the near-term friendly outlook. If it renews this month rally, the reaction high crossing is the next upside target.