EURUSD recovers - Technical Analysis - 14/09/2015

The EURUSD recovers after the last decline that affected the price after touching the ascending channel’s resistance, and the price gets positive support offered by the exponential moving averages 50 and 100, which pushes the price to visit the channel’s resistance located now at 1.1800.

Stochastic is negative now and might cause some temporary sideways move, and holding above 1.1215 represents the first condition to continue the expected rise.