The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.4520 and seems to start a rebound. However a break of these levels would result in an acceleration towards the 1.4370 area.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4520 with a 1st objective of 1.4600, then 1.4640. A break in 1.4500 would invalidate this scenario.
