The spot rate approaches the lower limit of its medium-term bullish channel to 1.4260 suggesting a rebound on these levels. However a break of this zone would initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4260 with a 1st objective of 1.4370, then 1.4400. A break in 1.4230 would invalidate this scenario.