FX.co ★ EUR/USD Intraday Technical analysis

The spot rate has rebounded on the lower limit of its medium term bearish channel at 1.4120 and approaches the intermediate resistance of this one to 1.4240. A break of these levels would reach the upper limit of its channel to 1.4360.

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 1.4340, then 1.4360. A break in 1.4210 would invalidate this scenario.