FX.co ★ EUR/USD Intraday Technical analysis

The spot rate came to test the upper limit of its long-term bullish channel at 1.4250 and declined. It is now approaching its intermediate support at 1.4150. However a break of these levels would release a significant downside potential.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4150 with a 1st objective of 1.4250, then 1.4280. A break in 1.4130 would invalidate this scenario.