Going to the ten yr chart 1.09 looks like it has a lot of support, fib etc...., tested for 6 months now which has been close to the average monthly base at support before a large move. Not withstanding the 2008 low that took 9 months before a big move.
At the same time, a spike down to the trendline through the 2006 and 2009 lows would be a break of support which can often counter intuitively be a great time to buy. That is at 1.0 ish...
Who knows? Honestly....but if the pattern repeats, a huge spike in volume will accompany a breakout of the current fan line resistence.
Good luck!
http://www.glowfoto.com/static_image/31-115540L/3329/png/10/2010/img5/glowfoto