
The spot rate broke the intermediate resistance of its medium term bearish channel in 1.4360 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 1.4360 with a 1st objective of 1.4460, then 1.4480. A break in 1.4330 would invalidate this scenario.