The spot rate is currently approaching the upper limit of its medium-term downtrend channel at 84.20. A breakout of this zone will free up a significant potential for the beginning of an uptrend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84.20 with a 1st objective of 84.70, then 84.90. A breakthrough of 84.00 will change the observed situation.
