The spot rate broke the intermediate support of its medium-term bullish channel at 1.3900 resulting in an acceleration. A return on the lower limit of its channel at 1.3830 is feasible in the short term.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3830 with a 1st objective of 1.3900, then 1.3950. A break in 1.3810 would invalidate this scenario.
