Technical analysis:
EUR has been trading upside as I expected and the breakout mode is the condition that is present today.
Trading recommendation:
Watch for the buying opportunities on the intraday pullbacks with the major target at the price of 1,1965.
The main cause for the rally is the breakout of the falling wedge pattern in the background and exhaustion condition.
RSI oscillator is showing reading above 70 but with no signs of any reversal....