On Thursday there are new notable updates to the situation on the EUR/USD hourly chart.
The pair has revealed a medium term ascending channel pattern, which is set to guide the currency exchange rate during July. It was noticed after the currency exchange rate bounced off the combined support of various levels of significance near the 1.1650 mark.
Secondly, the rate has surged above the PP near the 1.1680 mark. Due to that reason the pair faces no resistance up to the 1.1760 mark, where the next resistance levels are located at.
