The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 81.10. A break of these levels would reach the upper limit of its channel to 81.70.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 81.10 with a 1st objective of 81.70, then 81.90. A break in 80.90 would invalidate this scenario.
