Ever since Donald Trump won the elections, the US Dollar strengthen considerably. Investors are betting that the FED will increase the US interest rates 3 times this year versus 2 which was predicted earlier on. Euro region on the other hand is experiencing negative interest rates and the ECB is not expected to increase its rates till 2019. With the diverging path of interest rates by the FED and ECB, I would not surprised if EURUSD hits parity. The 3 key months which the FED is expected for interest rates raise is June, September and December.
The red support and resistance lines are the #WAWS levels and I would be looking at key resistance levels of 1.0653 and 1.0719. Like any trend, price will never move in one straight line down and up. An upwards correction is expected and I would be looking to sell from the top following the main trend.