The spot rate broke yesterday its intermediate resistance to 1.3240 leading to an acceleration. It now approaching the upper limit of its downtrend channel at 1.3360. 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 1.3360 with a 1st objective of 1.3440, then 1.3470. A break in 1.3330 would invalidate this scenario.
