EUR/USD Price Analysis: Stays constructive above 1.1730

• EUR/USD remains bid in the mid-1.1800s on Thursday.
• Further gains likely above the short-term line near 1.1730.

EUR/USD adds to the ongoing rally and keeps well and sound the positive streak on Thursday.

In light of the recent price action, extra gains remain well on the cards as long as spot trades above the short-term support line around 1.1730.

The immediate target now emerges at the July/August peaks just past 1.1900. Above this area there is an interim hurdle at the 100-day SMA, today at 1.1952 ahead of the 1.2000 neighbourhood, where also sits the critical 200-day SMA.

In the meantime, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2001.

EUR/USD daily chart