EURUSD - Technical Analysis: Monday, 01/08/2017 03:50 GMT

The EURUSD pair achieved strong rise yesterday to approach from our waited target represented by the ascending channel's resistance that appears on the chart below, as this resistance rises now to 1.1880, waiting for more rise in the coming period.

Note that surpassing the mentioned level will push the price to head towards 1.2000 as a next target, while the price needs to settle above 1.1740 to guarantee the continuation of the expected rise.