FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.3970 and seems starting to decline. A break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3970 with a 1st objective of 1.4040, then 1.4080. A break in 1.3950 would invalidate this scenario.