The spot rate is testing support through its medium-term bullish channel at 1.5860 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel at 1.5780.
According to previous events, the market indicates a bullish opportunity on the levels 1.5860 with a 1st objective at 1.5960, then 1.5980. A break of 1.5830 would invalidate this scenario.
