FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4240 and seems starting to decline. However a break of these levels would initiate a more violent bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4240 with a 1st objective of 1.4330, then 1.4370. A break in 1.4220 would invalidate this scenario.