The pair is trading above 1.1415 following the agreement of the EU leaders on the economic recovery fund. The deal, as well as the optimism over an early release of COVID-19 vaccine, will support the pair in the near future.
Technical side:
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is located above the 50% level and moves horizontally. Stoch are uninformative.
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Trading recommendations:
If the pair holds above 1.1415, expect it to resume its growth towards 1.1500