Resistance: 1.2367 moderate/1.2454 minor/1.2580 minor
Support: 1.2241 strong/1.2154 moderate/1.2028 minor
EURUSD is generally bullish though prices are just under a moderate resistance at 1.2367. With a mid level bullish candlestick pattern, Bullish Engulfing in Hourly charts, look for possible buys on a close above the said price. Immediate target is 1.2454 possibly 1.2580 on a break of the latter. A stop loss should be placed below the pattern low or alternatively just under 1.2241.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To Look At Prices