The spot rate is currently testing the upper limit of its medium-term bearish channel at 83.10. A break of these levels would free up significant potential and begin a new trend.
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 83.70, then 84.20. A break of 82.90 would invalidate this scenario.