Market sentiment was disrupted, and it was not as it was last week - there were strong trends against the USD which gave this pair a clear direction (uptrend). However, the markets are now in a risk averse mode, with both the dollar and the euro now enjoying a similar level of strength, which means we are unlikely to see much directional movement here.We do not have a valid long-term trend. Today's price is likely to range between 1.1128 and 1.1183, so it is likely that trading reversals at any of the relatively conservative profit target levels are the best way to trade this pair.