EUR/USD has established a support base;will it rise above 1.12?

EURUSD has shown limited movement since the start of the year, fluctuating within a range approximately between 1.09 and 1.1. Nevertheless, the price action indicates the formation of a potential support base, as observed through the consistent buying of dips and the pair's inclination towards an upward trajectory.

Confirmation of an impending upward movement hinges on a breakthrough above the range's resistance at 1.1. In such a scenario, we could anticipate a surge towards 1.12. My strategy involves seeking buying opportunities during market declines, while considering a shift if the price experiences a daily close below 1.09, negating this optimistic scenario.