FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its medium-term bearish channel at 1.3550 suggesting a return to the lower limit of this one at 1.3420. However a break of these levels would reach the upper limit of this channel to 1.3720.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3550 with a 1st objective of 1.3660, then 1.3720. A break in 1.3520 would invalidate this scenario.