The EUR/USD pair may have formed a head-and-shoulders pattern on the 4-hour chart which adds a potentially bearish slant to the outlook.
A break below the 1.1133 lows would probably confirm a breakdown of the H&S and a move down to a target at the monthly pivot at 1.1035.
Alternatively the mini-up-trend is still technically intact and therefore expected to continue, with a break above the 1.1391 highs confirming a continuation higher to a target at the 1.1486 R1 monthly pivot.
The EUR/USD pair may have formed a head-and-shoulders pattern on the 4-hour chart which adds a potentially bearish slant to the outlook.
A break below the 1.1133 lows would probably confirm a breakdown of the H&S and a move down to a target at the monthly pivot at 1.1035.
Alternatively the mini-up-trend is still technically intact and therefore expected to continue, with a break above the 1.1391 highs confirming a continuation higher to a target at the 1.1486 R1 monthly pivot.