Analysts at UOB suggest that last week's rebound in EUR amid oversold conditions has diminished the odds for currency to move below 1.1700. 

24-hour view: “EUR traded in a quiet manner last Friday and with most momentum indicators at neutral level, further sideway trading would not be surprising. Expected range for today; 1.1745/1.1785."

Next 1-3 weeks: “EUR tested but failed to break the major support at 1.1700 last Wednesday (31 Mar) as it rebounded from 1.1702. The rebound amid oversold conditions has diminished the odds for EUR to move below 1.1700. However, only a move above 1.1825 (‘strong resistance’ level) would indicate that 1.1702 is the extent of the current weak phase in EUR. Until then, there is still chance, albeit a slim one, for a retest of 1.1700."