The spot rate approach the lower limit of its medium-term bearish channel to 81.30 suggesting a rebound in the short term. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 81.30 with a 1st objective of 81.90, then 82.20. A break in 81.10 would invalidate this scenario.
