Long from here?
The 1.1100 level is key for me. Any close below this zone would be a bad sign for the bulls, suggesting continued downside.
However, price is holding above 1.1100 at the time of writing. It hasn't bounced yet - no - in fact another retest of 1.1100 seems likely.
How price behaves, should we get this second retest, tells us a lot about the expected short term future of the shared currency.