The spot rate broke through the resistance of its medium-term bullish channel at 1.5730 leading to an acceleration. A pullback on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5730 with a 1st objective at 1.5820, then 1.5850. A break of 1.5700 would invalidate this scenario.
