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 below the resistance 1.970, beginning of downtrend is expected.
• We make sure when the support at 1.005 breaks.
• If the resistance at 1.970 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 1.970 on 02/08/2023, so more losses to support(s) 1.250 and minimum to Major Support (1.005) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 39.