The spot rate is currently testing the lower limit of its medium-term downtrend channel at 82.40 suggesting a rebound in the short term. However a breakthrough in this area will make a downward trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 82.40 with a 1st objective of 82.90, then 83.40. A breakout in 82.20 will change this scenario.
