FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4320 suggesting a decline in the short term. However a break of these levels would allow it to begin a bullish trend more violent.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4320 with a 1st objective of 1.4410, then 1.4430. A break in 1.4300 would invalidate this scenario.