| Our pivot point stands at 126.52.|
Our preference: the downside prevails as long as 126.52 is resistance.
Alternative scenario: the upside breakout of 126.52, would call for 126.78 and 126.94.
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 126.32 and 126.35).