The spot rate evolves since yesterday between the intermediate support at 1.6310 and the upper limit of its medium-term bearish channel at 1.6400. A break of these levels would free up significant potential and begin a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.6400 with a 1st objective of 1.6490, then 1.6520. A break in 1.6380 would invalidate this scenario.
