Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.285 to 1.170). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (1.285)
• Ending of entry zone (1.170)

Midterm forecast:

• 1.170 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• A trough is formed in daily chart at 1.730 on 11/28/2023, so more gains to resistance(s) 2.090, 2.405, 2.845 and more heights 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 66.

Take Profits:

1. 1.530
2. 1.725
3. 2.090
4. 2.405
5. 2.845
6. 4.400
7. 6.110
8. 8.305
9. 11.940
10. 15.508
11. 17.814
12. 20.595