The spot rate is currently testing the lower limit of its short term bearish channel at 80.60 and seems to start a rebound. 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 80.60 with a 1st objective of 81.10, then 81.40. A break in 80.40 would invalidate this scenario.
