FX.co ★ EUR/USD Intraday Technical analysis

The spot rate is currently testing the upper limit of its medium term bearish channel in 1.3450 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3450 with a 1st objective of 1.3520, then 1.3550. A break in 1.3430 would invalidate this scenario.