The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 84.10 suggesting a decline in the short term. However a break of these levels would reach the upper limit of its channel to 85.10.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 84.10 with a 1st objective of 84.90, then 85.10. A break in 83.90 would invalidate this scenario.