EUR/USD Forecast June 29, 2016, Technical Analysis

The EUR/USD pair rallied initially during the day on Tuesday, filling the gap from Monday. However, you can see that we turn right back around and we are now looking very soft and could very well drift below the 1.10 level. If we can break down below there, market could continue to go much lower and I still believe that short-term rallies will offer selling opportunities on short-term charts as this market is certainly bearish and of course there are so many unknowns when it comes to the European Union at this point in time.