In its bearish movement, the parity didn't succeed to break the support at 0.86. The parity is now moving into a range between 0.86 as support, 0.87 (as a key level) and 0.88 as resistance. The price is currently testing a break out of 0.87. This break out should allow the price to test the resistance line of its bearish channel (0.88 in extension). As far as the price is below 0.88, we will advise to trade only short positions. A return below 0.87 will comfort our bearish feeling. A break out of 0.86 will offer a new sell signal.
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