EURUSD fails to break – Technical Analysis – 12-05-2016

The EURUSD pair failed to break 1.1360 support line, to trade positively and offers signals of the return to rise, and the target is visiting the bullish channel’s resistance at 1.1650.

The exponential moving averages 50 and 100 support the potential positivity, besides the positive signal that appears on MACD, and we should note that breaking 1.1360 will push the price to decline and head towards 1.1175 initially.