the spot rate is currently testing the lower limit of its medium term bearish channel in 1.3160 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3160 with a 1st objective of 1.3220, then 1.3250. A break in 1.3140 would invalidate this scenario.
