Euro/Dollar forecast for today: EURUSD analysis 29.06.2022

There are growing risks of the euro trend reversal down. Yesterday, traders reached the trend key support of 1.0518 – 1.0509 and tried to break it out, but to no avail.

Today at the Asian session, another attempt was made to break out the key support. Now the price is trading below the zone. If it closes lower during the American trading session today as well, the trend will reverse down.

When the trend reverses down, consider sales with a target in the lower Target Zone 1.0422 – 1.0403. However, if the trend key support is held today, from tomorrow, continue to search for euro purchases with a target at June 27 high.

EURUSD trading ideas for today:

Watch the market.

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