1.11500 zone is a strong support level and also equivalent with 50% Fibonacci retracement level, so makes the level more stronger, I think just bad news about euro ecosystem's fundamental can break this level.if you see bullish sign after bouncing off from this level go LONG.
Also it can bounce off from 38.2% Fibonacci retracement level and continue uptrend but this is possible if more traders and super traders be agree with current EURUSD uptrend.