The spot rate has made a pullback on its support through 1.3225 and seems to be rebounding from its upward movement. However, as an outflow channel has not been made, the upside potential is limited.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance level at in 1.3390 with a 1st objective of 1.3470, then 1.3520. A breakеthrough of 1.3360 will invalidate this scenario.
