The spot rate is currently testing the upper limit of its medium-term downtrend channel at 1.3150. A break of this area would free a significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3150 with a 1st objective of 1.3210, then 1.3260. A break in 1.3120 would invalidate this scenario.
