The spot rate has rebounded on the lower limit of its medium term bearish channel at 1.4050 and approach the upper limit of this one to 1.4260. A break of these levels would free up significant potential and initiate 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 1.4260 with a 1st objective of 1.4380, then 1.4410. A break in 1.4230 would invalidate this scenario.
