The spot rate is currently testing the upper limit of its medium-term bullish channel at 1.4890 and seems starting to decline. However a break of these levels would establish a more violent bullish trend.
According to previous events, the market indicates a bearish opportunity on the levels of 1.4890 with a 1st objective of 1.4760, then 1.4690. A break in 1.4920 would invalidate this scenario.