89.00 has been briefly broken and a bearish acceleration followed, invalidate the break out of 89.00. So, short positions have been kept and the parity gave a new sell signal by the break out of 88.75. However, the signal must be confirmed by the current candlestick which must close below 88.75. The parity is still moving into tis bevel. We will advise to keep short positons as far as 89.00 is resistance and target 88.01 (lowest of october 7th). If 88.75 is back as support, a correction towards the upper band of the bevel is expected.
Join the Discussion