See rectangle demand areas on chart. If price doesn`t hold there we will see a MAJOR shift in EUR affecting all other pairs as well. Additionally watching DAX makes sense. A weaker EUR is normally good for a rising DAX ( good for exporting companies ), but I am sceptical if this works out easily, due to fundamental problems like Greece, the Spanish banks etc. Be careful !
Yes, thanks for the comment ! I rarely trade FX, so I do take a lot of news and fundamental issues into my consideration and only trade based on weekly order flows. Your buy at 1.1070 might work out, especially on a lower time-frame. For me the risk factor is too high for that. Anyway, good luck !