The pair continues to rally amid hopes of the EU reaching an agreement on the economic recovery fund. Another factor contributing to the pair’s growth is the dollar weakened by the rising demand for risk assets.
Technical side:
The price is above the middle Bollinger band, below SMA 5, …
The ascending M30 level pattern ended with the breakout of an inclined channel. This is probably a wave (In H2) of the descending H2 level pattern. Stochastic Oscillator indicates an overbought situation. A start fractal has formed below 135 EMA, the breakdown of which will result in the formation …
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