The spot rate is currently testing the lower limit of its medium-term bullish channel at 80.80 suggesting a rebound in the short term. However a break of these levels would initiate a bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 80.80 with a 1st objective of 81.40, then 81.60. A break in 80.60 would invalidate this scenario.
