The currency pair went upwards last week as the risk appetites are growing. Positive news about the possibility of obtaining the COVID-19 vaccine in the nearest future and the opinion of several experts about the probability of V-shaped economic recovery have given the support at the risky assets.

US GDP data was the only important release to pay attention. The final result was 5%, which was worse than expected.

There is a Shooting star pattern on the chart currently but it is located above 1.1068. We expect EUR/USD to test this level first. Even so, EUR/USD can resume growing without testing.