Following the sharp rise in recent weeks the spot rate has strengthened the movement by forming a triangle. A breakthrough of the upper limit of this one to 82.60 will lead to a renewed upward movement.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will break its resistance level at 82.60 with a 1st objective of 83.20, then 83.40. A breakout of 82.40 will invalidate this scenario.
