The pair has formed a «descending flag» trend pattern and broke out of it. The weaker US dollar along with the coming ECB support measures for the European economy stimulate the pair's growth.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and growing. Stoch have entered into overbought zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
The pair may grow further to 1.2215, implementing the «descending flag» trend continuation pattern.