EURUSD (1.2419): The EURUSD rallied briefly to post a fresh 4-year high at 1.2537 on Thursday but eased back towards the weekend. The gradual decline is seen with the euro attempting to rebound off the previous lows formed at 1.2393 where minor support can be seen. As long as this support holds, EURUSD could be poised to make further gains to the upside. This is also seen by the bullish flag pattern that has formed. The next target to the upside comes in at 1.2660 provided that the EURUSD can breakout above 1.2497. To the downside, a break down below 1.2398 could signal a correction towards 1.2281.
:%20The%20EURUSD%20rallied%20briefly%20to%20post%20a%20fresh%204-year%20high%20at%201.2537%20on%20Thursday%20but%20eased%20back%20towards%20the%20weekend.%20The%20gradual%20decline%20is%20seen%20with%20the%20euro%20attempting%20to%20rebound%20off%20the%20previous%20lows%20formed%20at%201.2393%20where%20minor%20support%20can%20be%20seen.%20As%20long%20as%20this%20support%20holds,%20EURUSD%20could%20be%20poised%20to%20make%20further%20gains%20to%20the%20upside.%20This%20is%20also%20seen%20by%20the%20bullish%20flag%20pattern%20that%20has%20formed.%20The%20next%20target%20to%20the%20upside%20comes%20in%20at%201.2660%20provided%20that%20the%20EURUSD%20can%20breakout%20above%201.2497.%20To%20the%20downside,%20a%20break%20down%20below%201.2398%20could%20signal%20a%20correction%20towards%201.2281.){kind=link}