FX.co ★ EUR/USD Intraday Technical analysis

The spot rate has rebounded on the lower limit of its medium term bearish channel at 1.4050 and approach the upper limit of this one to 1.4260. A break of these levels would free up significant potential and initiate a new trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4260 with a 1st objective of 1.4380, then 1.4410. A break in 1.4230 would invalidate this scenario.