FX.co ★ EUR/USD Intraday Technical analysis

The spot rate approaches to the upper limit of its medium term bullish channel in 1.3980 suggesting a decline. However a break of these levels would free up significant potential and initiate 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 1.3980 with a 1st objective of 1.4080, then 1.4100. A break in 1.3950 would invalidate this scenario.