The spot rate broke the upper limit of its short term bearish channel in 1.6030 resulting in an acceleration. A pull back on these levels is possible before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.6030 with a 1st objective of 1.6150, then 1.6180. A break in 1.6000 would invalidate this scenario.
