The price is now facing a strong resistance area. Buyers obviously trying to pull the price back to 1.1200, whereas sellers is targeting 1.1000 or lower. This week is about to be very 'hot' for this pair and we should keep an eye on every announcement that comes up. Buyers is at a weaker position of course, but they seems to be strong till now. There might be an ECB intervention the last days. So keep your eyes open.