The spot rate is currently testing the lower limit of its medium-term bearish channel at 81.00 suggesting a rebound in the short term. 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 81.00 with a 1st objective of 81.80, then 82.00. A break in 80.80 would invalidate this scenario.