The pair is still on the lateral upwards channel built in March, offering us a fantastic rally of 2815 pips so far. Traders expect that the pair will consolidate with the upwards target at 1.5500 dollars per euro in the medium term.The RSI is still on neutral ground, while the MACD and Stochastic shows selling signs, so far.

If the pair breaks the upwards target, it could make a pull back to the fibo 61.80% marked from 1.5934 and 1.2438 dollars per euro.