The spot rate is currently testing the intermediate resistance of its medium-term bullish channel at 0.8820. A break of these levels would reach the upper limit of its channel at 0.8865.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 0.8820 with a 1st objective of 0.8865, then 0.8890. A break in 0.8800 would invalidate this scenario.