The spot rate approaches the support through its medium-term downtrend channel at 1.5490 suggesting a rebound in this area. However a break of these levels would result in an acceleration toward the lower limit of its channel at 1.5300.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5490 with a 1st objective of 1.5580, then 1.5640. A break in 1.5460 would invalidate this scenario.
