The spot rate approaches the upper limit of its medium-term bullish channel to 1.4620 suggesting a decline in the short term. However a break of these levels would allow it to begin a bullish trend more violent.
According to previous events, the market indicates a bearish opportunity on the levels of 1.4620 with a 1st objective of 1.4510, then 1.4470. A break in 1.4650 would invalidate this scenario.
