The Euro has been struggling around the 50 EMA on the daily chart since the mid of last week, and yet failed to break 17th Aug low at 1.1665 which where buyers are pretty much located. It'd be more comfortable to stay away from the noise, i think, a clear break above 1.1860 will attract buyers more to take an action, conversely, a daily break below 1.1665 might drag this market lower toward 1.1555 that considers being a psychological level in this market