The spot rates approaches the upper limit of its medium term bearish channel to 1.4460. A break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4460 with a 1st objective of 1.4560, then 1.4590. A break in 1.4430 would invalidate this scenario.