EUR USD The market formed a head-and-shoulders pattern which can potentially be bearish. However, if the spot manages to conclusively break the 1.1151 level, the pattern is probably going to be invalidated as buyers would likely target the 1.1186 and 1.1220 levels. However, on the flip side, a break below the 1.1104 support can generate weakness towards the 1.1062 and 1.1027 price levels