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FX.co ★ EUR/USD Intraday Technical analysis

EUR/USD Intraday Technical analysis

EUR/USD Intraday Technical analysis

The spot rate broke the intermediate support of its medium-term bearish channel in 1.3350 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.

According to previous events, the market indicates a bearish opportunity on the levels of 1.3350 with a 1st objective of 1.3270, then 1.3250. A break in 1.3370 would invalidate this scenario.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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