The spot rate has broken the upper limit of its medium-term bearish channel at 1.4310 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4310 with a 1st objective of 1.4440, then 1.4470. A break in 1.4280 would invalidate this scenario.
