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The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 1.4690 suggesting a decline. However a break of these levels would reach the upper limit of its channel to 1.4770.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4690 with a 1st objective of 1.4770, then 1.4790. A break in 1.4670 would invalidate this scenario.
