The spot rate approaches the intermediate support of its medium-term bullish channel at 1.4030 suggesting a rebound in the short term. However a break of these levels would entail a return to the lower limit of its channel at 1.3920.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4030 with a 1st objective of 1.4140, then 1.4180. A break in 1.4000 would invalidate this scenario.