FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term downtrend channel at 1.3610. A breakout of this zone will free up significant potential for the beginning of an uptrend.

According to previous events, the market indicates a bullish opportunity as the spot rate has broken out its resistance level at 1.3610 with a 1st objective of 1.3670, then 1.3730. A break in 1.3580 will invalidate this scenario.