The EURUSD exploded higher on Wednesday after key support down near 1.2750 held firm. The market then exploded out of the gate early into Thursday's Asian session. We can see the market has moved up into resistance near 1.3200 already on Thursday and could stay contained below that level and above 1.3000 in the next 24 hours. Clearly an injection of bullish momentum has occurred and we can see range-bound conditions are setting up here. So, traders can watch for price action signals near key levels to 'trade the range' in the coming days.