The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.6630 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.6530.
According to previous events, the market indicates a bullish opportunity on the levels of 1.6630 with a 1st objective of 1.6730, then 1.6750. A break in 1.6600 would invalidate this scenario.
