The spot rate approaches the upper limit of its medium-term bullish channel at 81.40 suggesting a decline. However a break of these levels would initiate an 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 81.40 with a 1st objective of 81.90, then 82.10. A break in 81.10 would invalidate this scenario.