The Euro is currently trading around ?1.0567 against the Dollar. MACD is currently positive and so is RSI as it reads 60.

From a technical aspect, the Euro is currently trading around €1.0567 against the dollar. Towards the upside, as the forex pair forms an ascending triangle, resistance sits at €1.0574 then at €1.0577 then at €1.058. A break above these points could see the forex pair head towards the major resistance level at €1.0595, which corresponds with the upper trendline of the triangle. Towards the downside, support sits at €1.0559 then at €1.0554 then at €1.0553. A break below these price levels may see the euro retreat and fall towards the €1.0530-€1.0540 price range. Looking at the indicators, MACD is currently positive and so is RSI as it reads 60. Although, RSI is starting to falter slightly.