| 125.04 is our pivot point.|
Our preference: the upside prevails as long as 125.04 is support.
Alternative scenario: the downside breakout of 125.04 would call for 124.63 and 124.39.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 125.31 and 125.21).