EURUSD (1.1337): The EURUSD currency pair closed on Tuesday with a bullish engulfing pattern. This comes after prices fell to a 3-month low of 1.1256 before prices recovered. On the 4-hour char time frame, the EURUSD currency pair attempts to close above 1.1327. This marks a minor support level that was breached.
Failure to hold the gains and the higher close above this level could potentially trigger a correction to the upside. The EURUSD could test the next main resistance level of 1.1435 if the bullish bias keeps in place.
