The spot rate is currently testing the intermediate resistance of its medium-term bullish channel in 1.4470 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1.4570.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1.4470 with a 1st objective of 1.4570, then 1.4590. A break in 1.4440 would invalidate this scenario.