The fibonacci retracement 50% (89.28) acted well as support and allowed the parity to got out of its bearish channel. Currently, the parity is testing a break out of 89.61. As far as this level is resistance, we will advise to trade only short positions. A break out of 89.28 will give a new sell signal. However, if 89.61 is broken, we will stay neutral on the parity.