The major resistance on 1hr chart is on 118.8 level.
If EUR can't go back on 1.0971 level, it may go back on 1.085 level. There is a small resistance on 15mins chart at 1.095.
Let see will it rebounce to 1.416 on 15mins chart which is a good opportunity to open short position using small SL and 1.4017 as the first TP. There is a downward channel on 4hr chart, TP at 1.379 for short position.
It is going on a Rising Wedge in 1hour chart, then it may drop on the demand zone around $130.
