The spot rate approach to resistance through its medium-term downtrend channel to 1.5450. A break of this zone would allow it to reach the upper limit of this channel to 1.5500.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5450 with a 1st objective of 1.5500, then 1.5530. A break in 1.5420 would invalidate this scenario.
