The spot rate is currently testing resistance through its medium-term downtrend channel at 83.10. A break of these levels would reach the upper limit of its channel to 83.60.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance at 83.10 with a 1st objective of 83.60, then 83.90. A break of 82.90 would invalidate this scenario.
