The spot rate broke through its support level at 1.3390, which resulted in a downward acceleration. A look back at the lower limit of its medium-term bullish channel at 1.3220 is feasible in the short term.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3220 with a 1st objective of 1.3330, then 1.3390. A breakthrough of 1.3190 would invalidate this scenario.
