The spot rate is currently testing the lower limit of its short-term bullish channel 80.60 suggesting a rebound in the short term. However a break of this zone would result in an acceleration toward the lower limit of its medium-term downtrend channel at 79.95
According to previous events, the market indicates a bullish opportunity on the levels of 80.60 with a 1st of objective 81.50, then 81.80. A break in 80.40 would invalidate this scenario.
