The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.3630. A break of these levels would free up significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.3630 with a 1st objective of 1.3720, then 1.3750. A break in 1.3610 would invalidate this scenario.