| 120.90 is our pivot point.|
Our preference: rebound towards 122.
Alternative scenario: below 120.90, expect 120.51 and 120.27.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 121.40 and 121.79).