The trend is your friend... until its end

A break is close. Should it close above 1,1100 on a Daily basis, Ichimoku setup would turn to bullish and price can target 1,12400-1,1300 zone in the first round.

Please note how the weekly wedge is getting tighter, and how the weekly momentum indicators just crossed up.

Sooner or later the spread compression in EUR and USD rates will matter too.