FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its short-term bullish channel at 1.4270 suggesting a decline. However a break of these levels would reach the upper limit of its channel to 1.4350.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4270 with a 1st objective of 1.4350, then 1.4380. A break in 1.4250 would invalidate this scenario.