The spot rate is testing the lower limit of its medium-term bullish channel at 1.5530 suggesting a rebound in the short term. However a breakthrough of this zone would result in an acceleration towards its short term support at 1.5320.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5530 with a 1st objective of 1.5630, then 1.5660. A breakout of 1.5500 will change the observed situation.
