FX.co ★ EUR/USD Intraday Technical analysis

The spot rate came to test the upper limit of its bullish channel and declined. A return to the intermediate support of this one at 1.3900 is possible in the short term. However a break of these levels would entail a return to the lower limit of its channel at 1.3810.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3900 with a 1st objective of 1.3990, then 1.4050. A break in 1.3870 would invalidate this scenario.