The spot rate is approaching the upper limit of its medium-term bearish channel to 83.50. 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 83.50 with a 1st objective of 84.00, then 84.20. A break in 83.30 would invalidate this scenario.
