EURUSD rose in the last session, which comes due to breaching the ceiling of a descending price channel that limited the pair's previous short-term movements, with positive support from the SMA50, while the pair kept rising to touch the important resistance of 1.1025, bouncing off it lower slightly as it tries to gather positive momentum that'd help it rise again to tackle that levels, while venting off overbought saturation apparent in relative power indicators.

Therefore we expect more gains to come for the pair, provided it breaches the resistance of 1.1025, targeting thereafter the pivotal resistance of 1.1110 as a price target for exiting that price channel.

Trend Bullish