The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.6050 and seems to start rebound. However a break of these levels would entail a return to the lower limit of the channel to 1.6000.
According to previous events, the market indicates a bullish opportunity on the levels of 1.6050 with a 1st objective of 1.6140, then 1.6160. A break in 1.6030 would invalidate this scenario.
