The course is still below its long-term downward slant (purple line on the graph).
All indicators are bearish.
We maintain to trade only during the short positions will be located below 1.2350.
Stay the course in 1.23 will strengthen our bearish sentiment on parity.
A burst of 1.22, then offer a new sell signal for an extension of the downward trend to 1.21.
In case of return of the course above 1.2350, then we will wait for a bullish break of 1.25 to advise incoming / not treat more long positions in parity.
