EURUSD - Technical Analysis: Thursday, 18/05/2017 07:39 GMT

The EURUSD pair rallied strongly to the upside yesterday and managed to confirm surpassing the ascending channel's resistance, to get strong positive motive that reinforces the chances of continuing the bullish trend on the longer term basis, and we believe that the door is open to visit 1.1270 that represents our next target.

The negativity that appears on RSI might cause some sideways fluctuation before turning back to rise again, noting that the price stability above 1.1075 represents initial condition to continue the suggested rise.