The parity price is wavering inside of the small (red) channel formation. It has tested the previous tops at the level 86.60 and bent down. The level 85.60 will be a eyed in the case of a continued downward movement. Then, the parity price will be reaching lower, towards the vicinity of 85.00, the area where the lower bands of both channels' formations cross over each other.
In the case of the upward breakout, the price will head in long-term to the upper band of the bigger, rising channel formation. But before reaching this bend, the price will test 87.30 and 89.20.
In the case of the upward breakout, the price will head in long-term to the upper band of the bigger, rising channel formation. But before reaching this bend, the price will test 87.30 and 89.20.