The pair is rising supported by the same weakness of the US Dollar and unlikeliness of interest rate hikes this year. ECB is also not rushing stimulus program expansion.
The price is higher than the Middle Bollinger band and higher than SMA 5 and SMA 14. RSI index is under overbought level and moving upwards. Stoch is also rising up.
Trading recommendations: Buy the pair with a local target of 1.1455-60.