The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.3485. A break of these levels would free up significant potential and begin a more violent upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3485 with a 1st objective of 1.3580, then 1.3630. A break of 1.3460 would invalidate this scenario.
