The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.3340 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.3060.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3340 with a 1st objective of 1.3410, then 1.3450. A break in 1.3320 would invalidate this scenario.
