The pair found support at 1.2060 as the moderate optimism returns to the market. This may lead to a local rebound, but the growth will be limited, as investors await tomorrow’s monetary policy decision by the ECB.
The price is located below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the 50% level and is moving horizontally. Stoch have entered into overbought zone.