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The pair is trading below the 1.1415 ahead the ECB's monetary policy decision, to be made today. The central bank is expected to leave interest rates and the monetary policy unchanged, which will stimulate the demand for risk assets and the euro amid the hopeful outlook for the recovery …

The inclined channel of the descending pattern is broken by the formation of the assumed wave 1 of 1-2-3 pattern. A breakout of the price pivot zone of 363.00 will result in the formation of ascending pattern 1-2-3. Stochastic Oscillator indicates an oversold condition, and Awesome Oscillator shows a …