The spot rate is currently testing the intermediate support of its medium-term bullish channel at 0.8800 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel to 0.8770.
According to previous events, the market indicates a bullish opportunity on the levels of 0.8800 with a 1st objective of 0.8840, then 0.8870. A break in 0.8790 would invalidate this scenario.
