1.05 allowed the parity to take up its bullish movement. The price got back into its bullish channel and the resistance at 1.06 is currently tested. The break out of this level will give a new buy signal. The next resistance is at 1.07. We maintain to trade only long positions as far as 1.0550 is support. If this level is broken, we will stay neutral between 1.05 and 1.0550.