Allianz shares price confirmed its preparation to form strong negative trades by consolidating below 189.60 resistance, to keep its stability within the negative range, also, stochastic provides negative attack and settles below 50 level to increase the chances of providing the required negative momentum to achieve the negative targets at 179.80 followed by reaching 38.2% Fibonacci correction level at 174.52.

Expected trading range for today is between 187.00 and 179.80

Expected trend for today: Bearish