The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.3430 and seems to initiate an output. A break of these levels would free up significant potential.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 1.3430 with a 1st objective at 1.3510, then 1.3540. A break of 1.3400 would invalidate this scenario.
