The spot rate is currently testing the upper limit of its medium-term bullish channel at 82.50 and seems to initiate a decline. However a break of these levels would initiate a more violent upward trend.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.50 with a 1st objective of 82.90, then 83.10. A break in 82.30 would invalidate this scenario.