The currency pair is currently oscillating between 1.10 and 1.08. During the last week of 2015, it failed before 1,10 and fell directly around 1,0850.
A surge on the euro after the Asian session brought the ccy pairs directly to the 1,0950 resistance.
We know that the discrepancies between the two monetary policies are getting wider, and could get even larger this week after the European inflation on Tuesday if it still doesn't meet the ECB's expectation and the nonfarm payroll on Friday that might confirm future FED rates hikes.
Tuesday morning the Consumer Price Index (CPI) is expected at 0,1. This stats has been an issue for Draghi for a long time, as it hasn't improve despite all the quantitative easing. So a worse than expected figure might be anticipated by the market as a new QE.
On the other hand if the nonfarm doesn't exceed expectations, it it may persuade the FED to delay the rates hike, and hence put the dollar in a weak position.
The level that will be looked at are the 1.0950 and 1.0980 resistance, and the 1.0850 and 1.0813 support.