The spot rate is currently testing the intermediate support of its medium term bullish channel in 1.5550 suggesting a rebound. However a break of these levels would entail a return to the lower limit of this one to 1.5280.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5550 with a 1st objective of 1.5620, then 1.5650. A break in 1.5530 would invalidate this scenario.