FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the lower limit of its short-term bullish channel at 1.3170 and seems to start a rebound. However a breakout of this zone would result in an acceleration toward the lower limit of its medium-term downtrend channel 1.3060.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3170 with a 1st objective of 1.3250, then 1.3280. A breakthrough of 1.3150 would invalidate this scenario.