The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4660 and seems starting to decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.
According to previous events, the market indicates a bearish opportunity on the levels of 1.4660 with a 1st objective of 1.4560, then 1.4520. A break in 1.4690 would invalidate this scenario.
