The spot rate approaches the upper limit of its medium-term bullish channel to 81.30 suggesting a decline. However a break of these levels would initiate a bullish trend more violent.
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 81.80, then 82.20. A break in 81.10 would invalidate this scenario.
