EURUSD - Technical Analysis: Wednesday, 02/08/2017 07:27 GMT

The EURUSD pair returns to rise after the retreat that it witnessed yesterday, on its way to head towards our main waited target at the ascending channel's resistance at 1.1890, to keep the bullish trend valid and dominant in the coming period.

Settling above 1.1740 is important to continue the expected rise, as breaking it will put the price under negative pressure to decline towards 1.1555 before attempting to rise again.