The euro is on the rise against the US dollar in early Tuesday trade as bulls once again failed to breach the key swing-low, at 1.1200. The 1.1260 level remains the next upside target for EURUSD bulls, with the 1.1245 level the interim resistance barrier they need to clear. The four-hour time frame is also showing a large bullish pattern, with the 1.1500 level the overall upside target.
The EURUSD pair is only bearish while trading below the 1.1218 level, key technical support is found at the 1.1207 and 1.1200 levels.
If the EURUSD pair trades above the 1.1218 level, buyers may test the 1.1245 and 1.1260 levels.