The spot rate is currently testing the lower limit of his bullish channel at 1.3200 suggesting a rebound in the short term. However a break out of this area would lead to a downward acceleration.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3200 with a 1st objective of 1.3310, then 1.3370. A breakthrough of 1.3170 would invalidate this scenario.
