The parity is currently on its resistance at 1.4850. 1.4900 has been touched in extension. This is only a break out of 1.4850 that will comfirm the change in trend and we will then advise to trade only long positions as far as 1.4850 is support. But, as far as the price is below 1.4850, we will advise to trade only short positions.

http://www.tribuforex.fr/img_vrac_2/eurusd05112009.png