| Our pivot point stands at 125.25.|
Our preference: look for a drop towards 125.25 before a bounce.
Alternative scenario: the downside breakout of 125.25 would call for 124.84 and 124.60.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the pair is trading under its 20 MA (125.62) but above its 50 MA (125.54).