FX.co ★ EUR/USD Intraday Technical analysis

This morning the spot rate broke through its resistance level at 1.3250, which resulted in an acceleration and the pair approached the upper limit of its downtrend channel at 1.3310. A breakout of this area will free a significant potential and begin an upward trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3310 with a 1st objective of 1.3390, then 1.3420. A breakthrough of 1.3280 will invalidate this scenario.