BudakFx
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The spot rate approach the lower limit of its medium-term downtrend channel to 81.30 suggesting a rebound in the short term. However a break in this area would begin a downward trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 81.30 with a 1st objective of 81.90, then 82.30. A break in 81.10 would invalidate this scenario.
Performed by Albert Fitoussi, Analytical expert
InstaForex Companies Group © 2007-2010







