EUR/USD is still sitting on the overall long-term uptrend that started on the 1st of January last year. This momentum might continue if we see a strong break through the 1.24350 level. This could push the pair to higher levels like 1.25100 or even to 1.25560 (February’s high) at later stage. Both the and are in the positive zones, even though both oscillators are almost at their tops.
On the downside, if we see a break below the 1.23850 mark, then EUR/USD could get pushed back towards the 1.23500 level, that acted as a strong resistance in the past, but now could become a good . Further declines might follow, if we see a daily candle close below that level on the EUR/USD pair.
Wait for the ECB first and then make a move!