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The spot rate approach the lower limit of its medium-term bearish channel to 80.40 suggesting a rebound on these levels. However a break of this area would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 80.40 with a 1st objective of 81.10, then 81.50. A break in 80.20 would invalidate this scenario.
