FX.co ★ EUR/USD Intraday Technical analysis

The spot rate approaches to the lower limit of its medium term bullish channel in 1.3770 suggesting a rebound. However a break of these levels would release a large potential of drop and initiate a new trend.

According to previous events, the market indicates a bullish opportunity on the levels of 1.3770 with a 1st objective of 1.3860, then 1.3900. A break in 1.3740 would invalidate this scenario.