EURUSD resumes the bullish trend – Technical Analysis – 20-06-2016

The EURUSD pair managed to reach the ascending channel’s support line, and begin to rebound bullishly and build new short term bullish wave, to head upwards in coming period, and the main target is represented by visiting this channel’s resistance at 1.1800.

The exponential moving averages 50 and 100 support the expected rise, besides MACD current positive signals, while breaching 1.1415 level will form good positive factor that reinforce the chances of continuing the waited rise.

1.1135 level represents key support base to continue the expected bullish wave.