FX.co ★ EUR/USD Intraday Technical analysis

The spot rate approaches the upper limit of its medium-term bullish channel to 1.4510 suggesting a decline in the short term. However a break of these levels would initiate a more violent bullish trend.

According to previous events, the market indicates a bearish opportunity on the levels of 1.4510 with a 1st objective of 1.4380, then 1.4340. A break in 1.4540 would invalidate this scenario.