EURUSD - Technical Analysis: Friday, 25/08/2017 04:20 GMT

The EURUSD pair keeps its consolidation above 1.1783 level, to keep the bullish trend valid and dominant in the coming period, as the price trades inside ascending channel that we expect to push the pair to 1.2100 areas on the short term basis.

Settling above 1.1704 is important to continue the expected rise, as breaking it will push the price to extend its bearish correction and head towards 1.1640 and might extend to 1.1576 before turning back to rise again.