The spot rate has broken the lower limit of its medium-term bullish channel by breaking the lower limit of this one at 81.60 resulting in an acceleration. A pull back on these levels is expected before a resumption of the bearish movement.
According to previous events, the market indicates a bearish opportunity on the levels of 81.60 with a 1st objective of 80.30, then 80.10. A break in 81.90 would invalidate this scenario.
