According to Wouter Kallemberg, currency strategist at Rabobank International: "Not altering the technical outlook. The exchange rate has shown a lackluster performance in recent months as neither the bulls nor the bears have managed to force the market into a significant direction." About the possibilities for the next sessions, Kallemberg affirms: "he upside potential seems limited towards the recent highs at US$ 1.2830/80. However, even a break above this resistance area would not immediately change our neutral outlook."