The spot rate has rebounded on the lower limit of its medium-term bearish channel and approach to its intermediate resistance in 1.3350. A break of these levels would allow it to reach the upper limit of its channel to 1.3580.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3350 with a 1st objective of 1.3450, then 1.3480. A break in 1.3320 would invalidate this scenario.

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