The resistance at 1.3750 has been broken and is now acting as support. The biggest resistance is at 1.38 (1.3850 in extension). Between 1.3750 and 1.3850, we stay neutral on the parity. A break out of 1.3850 will offer a buy signal on the parity. We will then advise to trade only long positions. If the price get back below 1.3750, a sell signal will be given and short positions will be advisable.
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