The pair has stopped rising awaiting for the ECB decision on the monetary policy. If the ECB doesn't mention the stimulus measures, it may put the pair under a local pressure.

The price is higher than the middle Bollinger band, higher than SMA 5 and SMA 14. RSI resides higher than the 50% level and turning downwards. Stoch are entering the overbought zone. 

 Trading recommendations: 

Sell the pair if the ECB announces no changes to the stimulus measures. 

In this case the pair may fall to 1.0700. 

 

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