Spot looked vulnerable to more downside movement earlier in the week as the market (twice) tested the mid-1.0800 area but the lack of follow through selling pressure has averted more EUR losses for now, at least. The market undertone remains soft, however, with short-term trend oscillators and longer run price signal leaning EUR-negative. 

EUR gains through 1.0910/1.0920 might give the market a short-term lift but there seems just as little interest in chasing the EUR higher as there was to lean on the downside earlier this week.