EUR is trading in bearish trend from last couple of weeks. Weekly RSI has completely diverged from the downward price move. Pair is trading near 61.8% retracement of 1.2565 to 1.03 which comes at 1.1175. Pair can bounced from Golden ration citing positive divergence on RSI. Fresh short bet should be made only on close below 1.11. Buy can be initiated at current level with stop loss 1.1080 for target 1.14 -1.17 on higher side.