Our pivot point is at 126.76.

Our preference: the downside prevails as long as 126.76 is resistance.

Alternative scenario: above 126.76, look for 127.01 and 127.15.

Comment: the RSI is below 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 126.56 and 126.62).

Supports and resistances:

127.15 **

127.01 *

126.76 **

126.67

126.53 last

126.19

126.04 **