EUR/USD - Daily

The Euro has found support at its parity of $1 to ?1. The pair is currently testing upper resistance.

From a technical overview, the Euro is currently testing upper resistance at the €1.0175 level. If the Euro can continue higher breaking the 2022 downtrend, the initial targets would then be €1.04 followed by €1.06 resistance. A break above this level would give the pair a bullish outlook. Towards the downside, initial support sits at €1.00 parity. A break below here could see the EUR rapidly fall towards the channel trendlines lows of €0.9450. MACD is currently bullish with the RSI also reading 60 which is another strong bullish sign, as the pair is not overbought yet.