Euro/Dollar forecast for today: EURUSD analysis 29.07.2022

The EURUSD is breaking through the border of the short-term downtrend 1.0213 – 1.0202. If the price consolidates above level 1.0213 at the US session today. In this case, it will be relevant to buy with a target at the upper Target Zone 1.0329 — 1.0308.

Otherwise, if the price return to the level below 1.0202, the short-term downtrend will continue. In this case, it will be relevant to enter sell trades in the key resistance zone with a target at the low of July 27.

EURUSD trading ideas for today:

Monitor the market.

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