The breakout of the top of the channel, should the parity rallies there, will send it seeking 1.12449, with 1.11590 as a primary objective.
An increase in the Fed interest rate will weaken the Euro .
The daily is around 1.09628. The daily support levels are around 1.08090 and 1.07134. The daily resistance levels are around 1.10210 and 1.11166.