If the 4 Hour price closes above that line it will be a possible long opportunity. It looks like an Ascending Triangle pattern. The pattern is also on the smaller time frames like the 1H & 30min.
I believe that if the price breaks the zone going down and DXY gets some good unemployment news, it will send EU breaking down.
If DXY gets bad unemployment news EU should do a bounce off of that zone and I would wait for the 15 min or 30 min confirming candle and take a long.
