The spot rate is currently testing the lower limit of its medium-term bullish channel at 1.3855 and seems to start a rebound. However a break of these levels would release a large downside potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3855 with a 1st objective of 1.3950, then 1.3970. A break in 1.3830 would invalidate this scenario.
