The spot rate is currently testing the upper limit of its medium term trading range at 83.20. 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 83.20 with a 1st objective of 83.70, then 84.10. A break in 83.00 would invalidate this scenario.