FX.co ★ EUR/USD Intraday Technical analysis

The spot rate approaches the intermediate support of its medium-term bearish channel to 1.4250 suggesting a rebound on these levels. However a break of this area would entail a return to the lower limit of its channel to 1.3880.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4250 with a 1st objective of 1.4350, then 1.4380. A break in 1.4220 would invalidate this scenario.