The spot rate approaches the lower limit of its medium-term bearish channel to 1.4140 suggesting a rebound in the short term. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4140 with a 1st objective of 1.4260, then 1.4290. A break in 1.4110 would invalidate this scenario.