EURUSD - Technical Analysis: Monday, 02/05/2016 04:36 GMT

The EURUSD pair breached the bullish flag pattern’s resistance that appears on the above chart, to get positive motive that leads the price to continue rising inside the medium term bullish channel, heading towards 1.1625 in the upcoming period, and it gets positive support provided by the exponential moving averages 50 and 100.

MACD offers positive signals that support the expected rise.