The continued demand for risky assets puts pressure on the dollar, as it is the funding currency, which makes it profitable to borrow in dollars and then use it to buy other currencies, which, such as the euro, are supported by the wave of demand for the company shares purchase.
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. The moving averages have crossed and give a buy signal. RSI is above the 50% level. Stoch are deployed in the overbought zone.
Trading idea:
Expect the pair to continue growing towards 1.1985.