| 122.66 is our pivot point.|
Our preference: the downside prevails as long as 122.66 is resistance.
Alternative scenario: above 122.66, look for 123.06 and 123.30.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 122.44 and 122.62).