Yesterday the spot rate broke through the resistance level of its medium-term downtrend channel at 1.3160, this breakthrough led to an acceleration. A pull back is possible on these levels before a resumption of bullish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3160 with a 1st objective of 1.3280, then 1.3310. A breakout of 1.3130 will change the situation.
