EURUSD - Technical Analysis: Monday, 22/05/2017 07:03 GMT

The EURUSD pair managed to return to rise strongly after retesting the breached resistance of the ascending channel, to support the expectations of rising in the coming period, as we are waiting to visit 1.1270 level mainly, noting that surpassing this level will push the price to extend its gains towards 1.1600.

Thus, we expect the continuation of the bullish trend domination on the short term basis, noting that the price stability above 1.1075 represents important condition to continue the expected rise.