The spot rate approaches the upper limit of its medium term bearish channel to 80.20. A break of these levels would free up significant potential and initiate a bullish trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 80.20 with a 1st objective of 81.00, then 81.30. A break in 79.90 would invalidate this scenario.


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics