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The spot rate broke the intermediate support of its medium-term bearish channel at 1.6360 leading to an acceleration. A pullback on these levels is expected before a resumption of its bearish movement.
According to previous events, the market indicates a bearish opportunity on the levels of 1.6360 with a 1st objective of 1.6270, then 1.6250. A break in 1.6380 would invalidate this scenario.
