| Our pivot point is at 126.27.|
Our preference: as long as 126.27 is support look for 127.36.
Alternative scenario: the downside breakout of 126.27 would call for 125.86 and 125.61.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 126.60 and 126.57).