The spot rate has rebounded on the lower limit of its bearish channel and approaches the intermediate medium term resistance at 82.80. A break of these levels allow him to reach its intermediate resistance at 84.00.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.80 with a 1st objective of 84.00, then 84.40. A break in 82.50 would invalidate this scenario.
