The Euro is currently trading at around ?1.0737 against the dollar. Key resistance sits at ?1.0760.

From a technical perspective, the Euro is currently trading at around €1.0737 against the dollar. In recent days the currency has gained some momentum from postive investor sentiment and there has been little change in today's session so far after Jerome Powell passed on commenting about the US monetary policy outlook, Hence, key resistance sits at €1.0760 (upper red oval), a break above this point could see the Euro rise towards the €1.08-€1.09 range. Looking below, a major support level rests along the green trendline at €1.0482. A dip below this level may see the the price of Euro slide much further towards the €1.02-€1.03 range. At present, technical indicators are mixed with MACD marginally negative but turning neutral, and RSI is positive as it reads 61.