The EUR/USD saw Bullish momentum Monday and hit 1.1262 early Tuesday.
The bias is Bullish near term testing 1.1300.
1st support is seen at 1.1200. A clear break below that mark could push the price Neutral testing 1.1130.
On the H4 chart below see that the price is still moving inside a triangle formation suggesting consolidation.
EUR price is moving inside a Bullish corrective channel and the lower line of the Bullish channel remains a good place to buy with a tight stop loss below the channel marker.
Potential daily range Tuesday is between 1.1130 – 1.1300.
The technical outlook is still Neutral, stand aside in here.
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technical trader