The spot rate is currently testing the lower limit of its medium-term bullish channel at 81.00 suggesting a rebound in the short term. However a break of these levels would lead to a bearish acceleration and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 81.00 with a 1st objective of 81.60, then 81.80. A break in 80.80 would invalidate this scenario.