The pair gets a minor support due to severe weakness of the US Dollar, but the increase is restrained by the ECB decision to expand stimulus program.
The price is at the upper Bollinger band and higher than SMA 5 and SMA 14. RSI index is higher than 50% level and signals that a minor increase will take place. Stoch is showing upside movement.
Trading recommendations: The pair can rise up to 1.1335 due to the weakness of the US Dollar, but if it doesn’t break out the short-term uptrend, it may go back reaching the trend’s lowest 1.1200-10 level.