FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.4220 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4440.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4220 with a 1st objective of 1.4320, then 1.4350. A break in 1.4190 would invalidate this scenario.