is attempting to recover bullish
momentum against the US dollar
in early Tuesday trade after the pair stabilized above the 1.1190 support level
. The EURUSD
pair is likely to target the 1.1265 level, although the 1.1250 level still offers strong intraday technical resistance. The four-hour time frame is starting to show a potential head and shoulders
pattern taking shape.
pair is only intraday bullish
while trading above the 1.1190 level, key technical resistance is found at the 1.1250 and 1.1264 levels.
If the EURUSD
pair moves below the 1.1190 level, key technical support is found at the 1.1164 and 1.1135 levels.