EURUSD - Technical Analysis: Thursday, 07/07/2017 02:56 GMT

The EURUSD pair rose strongly yesterday after approaching from the ascending channel's support that appears on the chart below, to support the continuation of the bullish trend on the short term basis, especially after confirming breaching 1.1400 barrier, waiting for more rise to visit 1.1600 as a next target.

Thus, the bullish trend will remain dominant in the coming period conditioned by settling above 1.1320 and 1.1270 levels, noting that today's US economic data might cause high volatility at the markets.