The spot rate came to test the upper limit of its medium-term downtrend channel in 1.3810 and fell. A break of this area would release a significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will break its resistance in 1.3810 with a 1st objective of 1.3890, then 1.3910. A break in 1.3780 would invalidate this scenario.
