| 125.39 is our pivot point.|
Our preference: the downside prevails as long as 125.39 is resistance.
Alternative scenario: the upside breakout of 125.39, would call for 125.80 and 126.04.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 125.20 and 125.30).