This Monthly Chart suggests the price is already on the trend line since 1985, but is it trying to break? If it does, the ECB will have more than a headache, triggering the price to 0.900, of course, that's very hard to see in the mid-term. However, the attention is focused on tomorrow’s Q4 GDP data which is expected to the economy expanded modestly into the end of last year, in this case the street looks for +0.2% QoQ and +0.9% YoY. So technically, the support will be around 1.1350 looking for gains about 1.1500. Keep in mind this level about 1.1500 would be positive for EUR this year.
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