The spot rate is removed from its short-term bearish channel by breaking the upper limit of this one in 1.4390. 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 1.4390 with a 1st objective of 1.4490, then 1.4540. A break in 1.4360 would invalidate this scenario.
