EURUSD - Technical Analysis: Thursday, 13/08/2015 05:16 GMT

The EURUSD breached the descending channel’s resistance to head towards potential retest to the previously broken support of the ascending channel, which forms resistance barrier now at 1.1345, supported by the exponential moving averages 50 and 100.

Carefully note that both stochastic and MACD indicators are negative now, which might slow the expected bullish wave, noting that breaking 1.0990 will put the price within the bearish trend again.