Continuous weakness of the US Dollar keeps pushing the pair up. The fact that the major investors do not tend to take risks and European stocks lowering their positions also play a role in the quote formation.
The pair 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 entering overbought zone.
Trading recommendations: It is better to buy the pair with local target of 1.1455-60.