Cautiously bullish. EUR/USD is at $1.17155 as of June 29, 2025, up 0.20% daily and 3.76% monthly. Technicals show a bullish trend, with support at $1.1650 and resistance at $1.18-$1.19. Forecasts predict a rise to $1.174-$1.188 by month-end, driven by US dollar weakness amid Fed rate cut speculation and tariff concerns. However, mixed macroeconomic signals (core PCE at 2.7%, Eurozone Economic Sentiment at 94) and geopolitical risks (Middle East tensions, US fiscal issues) could cap gains or trigger volatility. A break above $1.1710 (127.2% Fibonacci) could target $1.20; a drop below $1.1650 risks $1.1573
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.