174.34 is our pivot point.

Our preference: the downside prevails as long as 174.34 is resistance.

Alternative scenario: the upside breakout of 174.34, would call for 175.02 and 175.42.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 174.02 and 174.24).

Supports and resistances:

175.42 **

175.02 *

174.34 **

174.07

173.74 last

172.89

172.49 **