This week I was afraid the price could breach 1.10 during any of the main events: NFP & ECB. While ECB gave some relief for the bears, the NFP miss left no hope for soon drop below 1.11-1.10.
I have calculated my sell area to be 1.1315-1.1390, but for the moment we cannot see any reaction to this levels. Maybe it was just due to Friday, when no one wanted to stay long on USD. Waiting for fresh shorts to occur on Monday, but again Yellen could be an obstacle. She has no reason to support USD.
Short Term: Mixed
Medium Term: Lower limit 1.10
Long Term: Bearish (below 1.0460)