The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.3890 suggesting a decline in the short term. However a break of these levels would allow him to begin a more violent uptrend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3890 with a 1st objective of 1.3990, then 1.4030. A break in 1.3860 would invalidate this scenario.
