EURUSD retests the breached neckline

FX:EURUSD   Euro / U.S. Dollar
167 0 3
Target: 1.1600
Risk: 1.1050

Technical Reasons:

The pair retested the breached neckline of the double bottom pattern at 1.1050, showing strong rise that supports continuing the bullish trend on the near term basis, and the chances are available to turn the main trend upwards.

The exponential moving averages 50 and 100 keep supporting the bullish wave from below, and stochastic heads upwards to reinforce the continuation of the expected bullish bias.

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