EUR/USD Technical Analysis: Tuesday currently eking out limited gains despite trade war concerns

• Trade tariffs have yet to bleed over into European markets, bearish traders should be cautious with overbought hourly indicators.
• Another showing from the ECB for Tuesday gives Draghi another chance to be even more dovish.
• The Euro's support is holding, but could give out quickly.

EUR/USD Chart, 1-Hour

Spot rate: 1.1632
Relative change: 0.08%
High: 1.1644
Low: 1.1619

Trend: Bearish

Support 1: 1.1587 (current week open)
Support 2: 1.1543 (current week low)
Support 3: 1.1485 (S1 1-week pivot)

Resistance 1: 1.1661 (38.2% Fibo 1-week level)
Resistance 2: 1.1733 (61.8% Fibo 1-week level)
Resistance 3: 1.1795 (R1 1-week pivot)