The spot rate came to test the lower limit of its medium-term bearish channel at 1.4350 and seems to start a rebound. However a break of these levels would allow it to form a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4350 with a 1st objective of 1.4450, then 1.4480. A break in 1.4320 would invalidate this scenario.
