The spot rate is currently testing resistance through its medium-term downtrend channel at 1.3270. A break of this zone would allow it to reach the upper limit of this one to 1.3390.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.3270 with a 1st target of 1.3360, then 1.3390. A breakout of 1.3240 would invalidate this scenario.
