The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.3740 suggesting a decline in the short term. A return on its support through to 1.3665 is possible.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3665 with a 1st objective of 1.3740, then 1.3770. A break in 1.3640 would invalidate this scenario.
