Our pivot point stands at 1.7664.

Our preference: target 1.7421.

Alternative scenario: the upside breakout of 1.7664, would call for 1.7755 and 1.7809.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (1.7601) but above its 50 period moving average (1.7584).

Supports and resistances:

1.7809 **

1.7755 *

1.7664 **

1.7628

1.7586 last

1.7475

1.7421 **