The spot rate is evolving in a medium-term trading range and approach to the lower limit of this one to 1.4760 suggesting a rebound on these levels. However a break of these zone would initiate a bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4760 with a 1st objective of 1.4860, then 1.4880. A break in 1.4730 would invalidate this scenario.
