123.1 is our pivot point.
Our preference
The upside prevails as long as 123.1 is support.
Alternative scenario
The downside breakout of 123.1 would call for 118.9 and 116.4.
Comment
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 122.245 and 123.482).
Supports and resistances
140.5 **
137.9 *
135.4 **
132.8
126.9 (EUR-last)
124.9
123.1 **
118.9 *
116.4 **
Number of asterisks represents the strength of support and resistance levels.