EURUSD - Technical Analysis: Tuesday, 08/08/2017 04:06 GMT

The EURUSD pair shows recovery attempts now after consolidating above 23.6% Fibonacci correction level, to support the continuation of our positive forecast for the coming period, and the door is open to visit the ascending channel's resistance located now at 1.1940, noting that surpassing this level will push the price to test the psychological barrier at 1.2000.

Settling above 1.1783 is important to continue the bullish trend, as breaking it will push the price to achieve more bearish correction on the intraday basis before attempting to rise again.