Having said that, of course, at the end of the day, it is the difference of weight between buyers and sellers.
So far, it appears that buyers are at majority in the market. However, if Bears pull the trigger, it's going to hit hard, painful low, and unless ECB announces an European which is not the case.
We may think that if ECB lowers its interest rate bellow 0%; saving may fly to the market, but bellow 0% f interest rate, it means deflation, it means that economy is not catching up in the Eurozone, etc.... So anyway, at least a short for a technical correction.