The spot rates approaches the upper limit of its medium-term bearish channel to 80.80 suggesting a decline. However a break of these levels would free up significant potential and begin a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 80.80 with a 1st objective of 81.60, then 81.80. A break in 80.60 would invalidate this scenario.
