Commentary of the EUR/GBP parity:

The parity is now moving into a bearish channel (black lines). The price is still testing the support below 0.8950 (lowest reached on the 18th of March). All indicators are still bearish. We advise to wait for the break out of 0.8915 to enter short. (Be careful :RSI-MACD and Repulse are showing bullish divergence.

See the previous analysis of the EUR/GBP parity of March 24, 2010