Following Friday's upward movement, buyers remain active today, taking the opportunity to increase prices. This situation could be used to hit the target level of 1.11.
Considering the three-wave pattern (ABC), where wave A represents Friday's bullish momentum, traders could buy euro and limit risks at 1.0845. Then take profit upon the breakdown of 1.20980 and 1.11.
The trading idea came from the framework of the "Price Action" and "Hunt for Stops" strategies.
Good luck in trading and in managing the risks. Have a great day ahead!