The spot rate is currently testing the lower limit of its medium-term bullish channel at 1.4580 and seems to start a rebound. However a break of these levels would free a large downside potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4580 with a 1st objective of 1.4690, then 1.4720. A break in 1.4550 would invalidate this scenario.
