The spot rate is currently testing resistance through its medium-term downtrend channel at 83.75. A break of these levels would free up significant potential and begin an upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 83.75 with a 1st objective of 84.50, then 84.90. A break of 83.50 would invalidate this scenario.
