EURUSD returns to the channel

FX:EURUSD   Euro / U.S. Dollar
68 0 2
Target: 1.2100
Risk: 1.1100

Technical Reasons:

The EURUSD             returned to trade inside the ascending channel after the recent bullish rally, and the price attempts to build support base above 1.1400 level to confirm the continuation of the bullish trend on the longer term basis, thus, the rise will be expected in the upcoming periods.

The exponential moving averages 50 and 100 offers the positive support to the price, and MACD shows bullish trend signals that reinforce the expectations of witnessing more rise.

The next target is located at 1.2100, and the risk limit at 1.1100.


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