EURUSD (1.1782): The EURUSD currency pair posted gains on Thursday. Price action broke past the resistance level at 1.1730 with a strong bullish candlestick. However, the gains are unlikely to hold unless there is a follow through. In the near term, the EURUSD is at risk of dipping back to 1.1730. Establishing support at this level is crucial for price action to extend gains toward 1.1960 – 1.1920 level of resistance. This is most likely going to be the next target. To the downside, failure to hold near 1.1730 could push EURUSD back to trading in its range.
