The break out of 1.49 allow the parity to reach the lower band of extension of the long term bullish channel and to make a rebound on it. Bodies of candlesticks found their lowest on 1.4850. Currently, the parity is back above 1.4900. All indicators are still bearish but tend to get bullish. We will advise to trade only long positions as far as the price is above 1.4850