The spot rate broke this morning strength through its medium-term downtrend channel at 1.5480 leading to an acceleration. A pullback to this area is expected before a resumption of a bullish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5480 with a 1st objective of 1.5560, then 1.5580. A breakthrough of 1.5450 would invalidate this scenario.
