The spot rate is currently testing the intermediate support of its medium-term bullish channel in 1.6460 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this channel to 1.6400.
According to previous events, the market indicates a bullish opportunity on the levels of 1.6460 with a 1st objective of 1.6570, then 1.6620. A break in 1.6430 would invalidate this scenario.