The euro mini uptrend, which has been rising since the May 27 lows, has pulled back after touching resistance at the R1 Monthly Pivot.
The pull-back may have completed now, and the price could be about to renew its uptrend again. A break above the 1.1379 highs would probably confirm a continuation higher to a target at 1.1466.
Today sees the release of Non-Farm Payrolls, the most market-moving news event on the FX calendar, so much volatility is to be expected.
There is a possibility the jobs data could prove positive and lead to an extension of the pull-back. In addition, the pull-back looks possibly 'incomplete' with a 'C' leg missing. It's possible this C leg could still unwind lower, with an eventual target at 1.1146. A move above 1.1310 would negate the pattern, however.