The spot rate fell after it having tested the upper limit of its medium-term downtrend channel at 1.3460. A look back at the lower limit of this channel to 1.3270 points to a rebound in the short term.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3270 with a 1st objective of 1.3350, then 1.3380. A breakthrough in 1.3240 will invalidate this scenario.
