The spot rate is currently testing its medium-term horizontal resistance at 82.20 and seems to initiate a decline. However a break of these levels would reach the upper limit of its medium-term bullish channel to 82.90.
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 82.20 with a 1st objective of 82.90, then 83.20. A break in 82.00 would invalidate this scenario.