Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is above the support 95.108, resumption of uptrend is expected.
• We make sure when the resistance at 131.000 breaks.
• If the support at 95.108 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
• While the RSI resistance #2 at 62 is not broken, the probability of price increase would be too low.
• A trough is formed in daily chart at 99.245 on 04/25/2022, so more gains to resistance(s) 110.926, 119.964 and maximum to Major Resistance (131.000) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 51.

Supports and Resistances:

1. 131.000
2. 119.964
3. 110.926
4. 95.108
5. 85.714
6. 75.000
7. 64.647
8. 50.000
9. 36.546