The spot rate is currently approaching the upper limit of its medium-term downtrend channel 84.30. A breakthrough of this zone would free up significant potential and an uptrend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84.30 with a 1st objective of 84.70, then 84.90. A breakout at 84.10 will change the observed situation.
