EURUSD - Technical Analysis: Tuesday, 25/08/2015 05:53 GMT

The EURUSD continued to rise strongly to confirm settling inside the ascending channel, noticing that completion of a double bottom pattern that appears on chart, to support continuing the bullish trend on the longer term basis, assisting to push the price towards our next target at 1.2100.

The exponential moving averages 50 and 100 continue to provide the support to the mentioned positive overview, while stochastic attempts to gain positive momentum to add more support to the chances of continuing the rise.