The spot rate is currently testing the lower limit of its medium-term bullish channel in 80.80 suggesting a rebound in the short term. However a break in this area would lead to a downward acceleration and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 80.80 with a 1st objective of 81.30, then 81.50. A break in 80.60 would invalidate this scenario.
