The parity got out of its bearish channel and 0.7013 has been broken, giving the buy signal. Currently, the parity is moving into a bullish channel (purple lines) and as far as it is the case, we will advise to trade only long positions. We made appear on the chart the fibonacci retracements of the bearish movement from january 14th to february 5th. The price is currently testing the level 38.20% at 0.7050. The break out of this level will give a new buy signal.