The spot rate is currently testing a zone of resistance between 84.40 and 84.60 suggesting a decline in the short term. However a breakthrough of this area will make the upwrad trend more violent.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 84.60 with a 1st objective of 85.10, then 85.50. A breakout of 84.40 will invalidate this scenario.
