Societe Generale Research likes buying EUR/USD on dips targeting a move towards 1.12

"If the impact of the war doesn’t increase (or go away completely), our rates forecasts justify another 4 figures or so of gains for EUR/USD this year (consistent with our EUR/USD 1.12 end-year forecast). That’s based on a 5 ¼% fed Funds rate and a 3% ECB deposit rate. If the Fed does less (let’s face it, the data are deteriorating), the euro can get a bit higher but a non-geopolitical reason for EUR/USD to fall back to parity is hard to imagine," SocGen notes. 

"The euro is a buy on dips and the dollar a sell on rallies, barring new geopolitical developments," SocGen adds.