The spot rate is currently testing the lower limit of its medium-term bearish channel at 81.10 suggesting a rebound on these levels. However a break in this area would begin a more violent bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 81.10 with a 1st objective of 81.90, then 82.20. A break in 80.90 would invalidate this scenario.
