The spot rate is currently testing the upper limit of its medium-term bearish channel at 0.8840. A break of these levels would reach the upper limit of its medium-term bullish channel at 0.8880.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 0.8840 with a 1st objective of 0.8880, then 0.8900. A break in 0.8820 would invalidate this scenario.
