Below is an overview of the current situation and what lies ahead:

Current Patterns:

Changes in Market Sentiment: As confidence about the state of the world economy increased, traders shifted their focus from the dollar to riskier assets like the euro, undermining the dollar's safe-haven position.
Inflation: While fears over inflation are currently waning in the US, this could allow the Federal Reserve to scale down its aggressive rate hikes. Both the US and the Eurozone are struggling with inflation. This might strengthen the euro even more.
Technical Measures: The daily chart shows conflicting indications; the current upswing encountered resistance at 1.1016. But a break above this mark can result in additional gains in the direction of 1.1274.

Important Levels to Keep an Eye on:

Help: 1.0447, 1.0650, 1.0722
Opposition: 1.1016, 1.1274, 1.1500

Future Happenings:

US Non-Farm Payrolls (NFP) report is due on January 5. A strong jobs report might boost the currency, while a negative report could cause it to decline.
January 18: Eurozone Consumer Price Index (CPI): Lower inflation might devalue the euro, while higher-than-expected inflation could strengthen it.
Federal Open Market Committee (FOMC) meeting on February 1; given the recent aggressive rate hikes, the market is expecting a more muted boost.

Overall Prognosis:

The EUR/USD is likely to remain volatile in the near term, driven by economic data releases and central bank decisions. However, the current trend seems to favor the euro, with potential for further upside in the medium term if the US slows down its rate hikes and global economic sentiment continues to improve.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.

I hope this provides a comprehensive overview of the EUR/USD forex market. Please let me know if you have any further questions or would like me to elaborate on any specific points.