The spot rate approaches the lower limit of its short-term bullish channel in 1.3590 suggesting a rebound. However a break of these levels would initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3590 with a 1st objective of 1.3680, then 1.3700. A break in 1.3570 would invalidate this scenario.
