The spot rate broke the intermediate resistance of its medium-term bearish channel at 1.4110 leading to an acceleration. A pull back to this zone is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4110 with a 1st objective of 1.4240, then 1.4290. A break in 1.4080 would invalidate this scenario.
