Prices have put in a long white candlestick pattern during the previous week after finding a good support above SMA 20 and SMA 50 as seen on the provided weekly chart. MACD traditional and RSI 14 could assist bulls to breach the main resistance line connecting the lower highs started at 114.80 but, we will be neutral until 104.30 is taken out to confirm those bullish signs.
Support: 102.85, 102.25, 101.95, 101.50, 101.20
Resistance: 103.65, 104.00, 104.30, 105.00, 105.50
Recommendation Based on analysis and explanations above, we believe that staying aside might be appropriate since risk versus reward ratio is very high.