EURUSD (1.1802): The EURUSD currency pair was seen holding to the gains after once again testing the support level at 1.1730. Price action was moderately bullish with the daily session posting a bullish engulfing candlestick pattern. This indicates a possible move to the upside. On the 4-hour chart, price action continues to trade flat within 1.1824 – 1.1730 level ahead of the ECB’s meeting. The downside target is seen at 1.1610 while a breakout above 1.1824 could signal a move toward 1.2232 level.
