The spot rate broke this morning strength through its medium-term downtrend channel at 1.2970 and seems initiate a pullback on this area before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.2970 with a 1st objective of 1.3070, then 1.3090. A break of 1.2940 would invalidate this scenario.
