On the chart are now drawn the fibonacci retracement of the bullish movement starting from january 14th to february 5th. The parity is currently testing the level 61.80% at 1.0437 and the break out of this level will give a new sell signal. We could then anticipate a full retracement on the medium term. We maintain to trade only short positions as far as the level 50% at 1.0503 is resistance.