EURUSD on yesterday session initially fell but found enough buying pressure at 1.1204 previous day low to reverse and close in the green near the high of the day.
The currency is rising due to the depreciation of the US dollar after the Fed Chair Yellen stated that inflation has a good probability of remaining low for a long time and reiterated that rate hikes will be gradual. Economists now see as most probable US rate hike later this year or in the beginning of 2016.
In the short-term we may see a rise up to 1.1460 being the high of February and retested in May.
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