The spot rate broke the intermediate resistance of its medium-term bullish channel at 1.3910 leading to an acceleration. A pullback on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3910 with a 1st objective of 1.3980, then 1.4010. A break in 1.3890 would invalidate this scenario.
