The spot rate is currently testing the intermediate support of its medium-term bearish channel in 1.3280 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1.3160​​.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3280 with a 1st objective of 1.3350, then 1.3380. A break in 1.3260 would invalidate this scenario.
