The spot rates approaches the upper limit of its medium-term bearish channel to 1.4520. A break of these levels would free up significant potential and begin a rising trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4520 with a 1st objective of 1.4610, then 1.4650. A break in 1.4490 would invalidate this scenario.
