The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4350 suggesting a decline in the short term. However a break of these levels would allow it to initiate a bullish trend more violent.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4350 with a 1st objective of 1.4450, then 1.4480. A break in 1.4320 would invalidate this scenario.
