The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.3860. A return to the lower limit of its channel is feasible in the short term.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3750 with a 1st objective of 1.3840, then 1.3860. A break in 1.3740 would invalidate this scenario.
