EURUSD - Technical Analysis: Wednesday, 17/05/2017 05:02 GMT

The EURUSD pair succeeded to reach our waited target at 1.1070 and surpass this level to close the daily candlestick above it, indicating that the door is open to head towards our next target at 1.1270.

Thus, we expect the continuation of the bullish trend domination on the coming trades, noting that breaking 1.1075 might push the price to start intraday bearish correction before turning back to continue the expected bullish trend.