The monthly chart is showing a descending wedge with price near the support. With the issues going on in the EZ (Russia/Ukraine, Inflation, Economy, Energy), the ECB is in a tough spot. Will the ECB continue to raise rates enough to put pressure on inflation and further spur a recession? Who knows, it does seem that the chart pattern might not hold up. With Jerome Powell sticking to the FED's aggressive stance, price could potentially push lower (maybe to around 0.95). US inflation data is due this week and if data comes out as expected or higher, price is likely to push lower. But in the short term, price may push higher as it is strange how the EUR is stilling holding near the parity level with all the turbulence that is going on in the EZ. If price on the EUR does push higher, price is likely to hold below the 1.05 level in the near to long term. There is also positive rollover for shorting the EUR/USD, which will also assist in the EUR pushing lower.