The bearish divergence well lead to a correction towards the lower band of the bullish channel but this band has been broken thereafter, giving a sell signal. Currently, the parity is making a pullback on 1.0127 but as far as this level is resistance, we will advise to trade only short positions. The break out of 1.0075 will give a new sell signal. However, if 1.0127 is back as support, we will advise to stay flat as far as the price will move between 1.0127 and the lower band of the former bullish channel.
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