With Chirstine Lagarde taking on as the ECB president, euro might see itself heading lower. She has made her strong stance on QE in many interviews and defending the low interest rate that ECB has set. We might see a lower euro by the end of the year. From the chart, with 1.11 holding as resistance, eur/usd might have a tough time going higher. Both Thursday and Friday's closing has showed obvious sign of eur/usd heading lower. Going short is a higher probability bet. Lower high lower low formation.