The spot rate is currently testing the intermediate resistance of its medium term bearish channel in 1.5360 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.5580.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.5360 with a 1st objective of 1.5420, then 1.5450. A break in 1.5340 would invalidate this scenario.
