The spot rate is currently testing the lower limit of its bullish channel at 0.8705 suggesting a rebound. However a break of these levels would initiate a bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 0.8705 with a 1st objective of 0.8760, then 0.8790. A break in 0.8690 would invalidate this scenario.
