The spot rate has broken its resistance at 1.5900 leading to an acceleration. It is now approaching the upper limit of its channel at 1.5990. 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 1.5990 with a 1st objective of 1.6070, then 1.6090. A break in 1.5970 would invalidate this scenario.
