EURUSD bull flag pattern suggests higher.

The EURUSD rallied following the ECB rate decision as the important 38% retracement at the 1.2080 level contained the pullback. The rally should continue while above the 1.2050 level towards the longer term 161% extension of the August-October consolidation to 1.2263. RSI is overbought and slightly divergent which could be a warning for bulls if we break back below the 1.2050.