The spot rate is currently testing the lower limit of its medium-term bullish channel at 1.4270 and seems to start a rebound. However a break of these levels would release a significant downside potential.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4270 with a 1st objective of 1.4370, then 1.4400. A break in 1.4240 would invalidate this scenario.
