The parity is currently testing a break out of the support at 1.46. The validation of this break out will offer a new sell signal. We will then advise to enter short with the next support at 1.45 as objective.

PS: A bullish divergence is under contruction on the momentum. Stop loss could be set just above 1.46.

Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.