It is all on the USD...

In the first place it was the USD that has weakened so much that has given this pair the so-called "impulsive rally" seen recently...

Not sure if the USD is destined to weaken even further or not...

If the USD is destined to weaken even further (in the future); then we can expect this pair to push even higher-up...

P.s., the EUR is also somewhat quite strong... (Definitely stronger than the Pound/GBP; if you desire to fight with the USD with a higher chance of success...)