The spot rate approaches the lower limit of its medium-term bullish channel at 1.3730 suggesting a rebound in the short term. However a break of these levels would initiate a downward trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.3730 with a 1st objective of 1.3810, then 1.3860. A break in 1.3700 would invalidate this scenario.