The spot rate broke the intermediate resistance of its medium term bullish channel in 1.4100 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 1.4100 with a 1st objective of 1.4200, then 1.4230. A break in 1.4070 would invalidate this scenario.
