0.7320 lead to a correction but it is now advisable to cut short positions. Indeed, the parity is moving in a big bullish channel and is currently on the lower band. We will advise to trade only long positions as far as the parity is into its. The break out of 0.7320 will give a new buy signal. But, if the lower band is broken, this will be a sell signal. We could however wait for the break out of 0.7197 to enter short.
Join the Discussion