The spot rates approaches the upper limit of its medium-term bearish channel to 81.30 suggesting a decline in the short term. However a break of these levels would free up significant potential and initiate 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 81.30 with a 1st objective of 81.90, then 82.10. A break in 81.10 would invalidate this scenario.
