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The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4530 and seems starting to decline. However a break of these levels would free up significant potential and initiate an bullish trend more violent.
According to previous events, the market indicates a bearish opportunity on the levels of 1.4530 with a 1st objective of 1.4440, then 1.4410. A break in 1.4550 would invalidate this scenario.
