FX.co ★ EUR/USD Intraday Technical analysis

The spot rate fell after testing the upper limit of its medium-term bearish channel at 1.3720. It now approaching its intermediate support at 1.3540 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3380.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3540 with a 1st objective of 1.3640, then 1.3690. A break in 1.3510 would invalidate this scenario.