EURUSD - Technical Analysis: Friday, 19/05/2017 05:46 GMT

The EURUSD pair showed clear retreat yesterday to retest the breached resistance of the ascending channel, as the price was affected by the negative momentum that appeared clearly through RSI, which seeks getting positive momentum that assists the price to return to rise again.

The strength that 1.1075 level showed against the price negative attempts yesterday makes us keep our positive forecast, waiting to head towards 1.1270 as a next target, noting that breaking 1.1075 will push the price to test the next important support at 1.0990.