The bullish slant has been broken, giving us a sell signal. Currently, the parity is moving below the neck line (dotted purple line) of a double top on 1.05. This neck line match also with the long term bearish slant. We will now advise to trade only short positions as far as 1.03993 will be resistance. The break out of 1.0350 will give a new sell signal. However, if 1.0393 get back as support, we will stay neutral on the parity between this level and 1.05.