The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.3890 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel at 1.3780.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3890 with a 1st objective of 1.4010, then 1.4040. A break in 1.3860 would invalidate this scenario.
