| Our pivot point is at 121.09.|
Our preference: as long as 121.09 is support look for 122.13.
Alternative scenario: the downside breakout of 121.09 would call for 120.70 and 120.46.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (121.46) but above its 50 MA (121.32).