The spot rate approaches the upper limit of its short term bearish channel at 1.3350. 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 1.3350 with a 1st objective of 1.3430, then 1.3450. A break of 1.3320 would invalidate this scenario.
