The pair ended with a bullish formation of 4-hour chart, we expect confirmation signal possible koerektsiya, probably will move to the diagonal resistance. In a breakthrough will seek test of the strong level 1.1870, where and MA50, which will give us good prerequisites for search shortovi positions. The dollar remains supported by better data on the US economy, which is the best performing currently and expectations for recent raising interest rates. In Europe, the expected quantitative easing by the European Central Bank and the upcoming elections in Greece support the downward movement of the pair.
SMA 50 is below the SMA 100 and SMA 200 and the MACD switched to red, which is in favor of sellers.