The spot rate is currently testing the intermediate resistance of its short-term bearish channel in 1.3580 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.3670.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3580 with a 1st objective of 1.3670, then 1.3720. A break in 1.3560 would invalidate this scenario.
