The spot rate is currently testing the upper limit of its medium term bearish channel to 1.3720 . 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 1.3720 with a 1st objective of 1.3820, then 1.3850. A break in 1.3690 would invalidate this scenario.
