The spot rates approaches the upper limit of its medium-term bearish channel to 82.10 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.10 with a 1st objective of 82.70, then 82.90. A break in 81.90 would invalidate this scenario.
