The spot rate is currently testing the lower limit of its medium-term bullish channel in 1.4340 and seems to initiate a rebound. However a break of these levels would initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1.4340 with a 1st objective of 1.4430, then 1.4470. A break in 1.4310 would invalidate this scenario.