The spot rate broke the lower limit of its medium term bearish channel in 1.5350 leading to an acceleration. A pull back on these levels is expected before a resumption of bearish.
According to previous events, the market indicates a bearish opportunity on the levels of 1.5350 with a 1st objective of 1.5280, then 1.5260. A break in 1.5370 would invalidate this scenario.
