The spot rates approach the upper limit of its medium-term downtrend channel to 1.3410. A break of these levels would free up 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 1.3410 with a 1st objective of 1.3510, then 1.3540. A break of 1.3380 would invalidate this scenario.
