The spot rate approaches the lower limit of its medium-term bullish channel at 81.40 suggesting a rebound in the short term. However a break of these levels would initiate a downward trend.
According to previous events, the market indicates a bullish opportunity on the levels of 81.40 with a 1st objective of 82.50, then 82.80. A break in 81.10 would invalidate this scenario.
