The spot rate broke the intermediate resistance of its medium term bearish channel in 1.2730 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.2730 with a 1st objective of 1.2790, then 1.2810. A break in 1.2710 would invalidate this scenario.
