The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.6470 and seems to start a rebound. However a break of these levels would entail a return to 1.6390.
According to previous events, the market indicates a bullish opportunity on the levels of 1.6470 with a 1st objective of 1.6570, then 1.6600. A break in 1.6440 would invalidate this scenario.