EUR/USD: Buy-Side Flows Dominate On Brexit Delay Speculation

The Euro follows the bullish directional move in the GBP as the market keeps pricing in the avoidance of a ‘no deal’ to leave the EU, removing temporarily the inherited tail risk of Brexit.
The latest upthrust buy-side candle on the hourly guns through a sticky resistance above 1.13 with the supply that came post ECB last week left behind after being absorbed.
Technicals and intermarket (German vs US yield spread) continue to be in congruence for an extension to the upside, with the green lines drawn to act as key buy-side zones on retracements.
The bullish structure of higher highs and higher lows has allowed up to draw an ascending trendline that serves as a visual representation of the benign buy-side dynamics.