The spot rate is currently testing the intermediate support of its medium-term bullish channel at 1.4280 suggesting a rebound in the short term. However a break of these levels would entail a return to the lower limit of the channel to 1.4160.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4280 with a 1st objective of 1.4390, then 1.4420. A break in 1.4250 would invalidate this scenario.