The spot rate is currently testing the lower limit of its medium-term bullish channel at 84.00 suggesting a rebound in the short term. However a breakthrough in this area will lead to the beginning of a downward trend.
According to previous events, the market indicates a bullish opportunity on the levels of 84.00 with a 1st objective of 84.50, then 84.80. A break in 83.80 will invalidate this scenario.
