EURUSD 1.1260 major support

The euro currency faces a pivotal trading week against the US dollar due to the upcoming ECB policy meeting and the pairs interesting technical position. EURUSD buyers need to force a breakout above the 1.1370 level to negate a bearish head and shoulders pattern. A failure below the 1.1260 support level could trigger major EURUSD weakness, with the 1.1150 level the bearish target.

• The EURUSD pair is only bullish while trading above the 1.1300 level, key resistance is found at the 1.1370 and 1.1450 levels. 

• The EURUSD pair is only bearish while trading below the 1.1300 level, key support is found at the 1.1260 and 1.1150 levels.