The spot rate is currently testing the lower limit of its medium term bearish channel in 1.5760 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5760 with a 1st objective of 1.5860, then 1.5880. A break in 1.5730 would invalidate this scenario.
