FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the intermediate support of its medium-term bearish channel at 1.4030 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3960.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4030 with a 1st objective of 1.4130, then 1.4160. A break in 1.4000 would invalidate this scenario.