The euro is holding above trendline support against the US dollar ahead of the ECB interest rate decision and monetary policy statement. Sellers are currently unable to move price below the 1.1250 level, keeping the overall intraday bullish bias intact. The four-hour time frame is showing that the inverted head and shoulders pattern remains valid while price trades above the 1.1216 level.
The EURUSD pair is only bullish while trading above the 1.1250 level, key technical resistance is found at the 1.1290 and 1.1350 levels.
If the EURUSD pair trades below 1.1250 level, key intraday support is found at the 1.1216 and 1.1170 resistance levels.
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