The European Central Bank announced that it will maintain a super-soft monetary policy. Many already expected this decision since Europe is still under serious problems with the coronavirus. As a matter of fact, France and Germany recorded new growth in infections, while the whole Euro area is having issues with vaccination.

Fortunately, the euro still traded upwards, hitting1.2080 (thick blue average on the chart).

Going beyond it will signal the resumption of the bull market.

Keep buying from 1.1765, or on the breakout of 1.2080.

Do not sell earlier than 1.1940.