The spot rate has bounced off the lower limit of its medium-term downtrend channel at 81.30 and is currently testing the upper limit of this one to 81.60. A break of this area would free a significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 81.60 with a 1st objective of 82.10, then 82.30. A break in 81.40 would invalidate this scenario.
