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 1.984, beginning of uptrend is expected.
• We make sure when the resistance at 3.367 breaks.
• If the support at 1.984 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A trough is formed in daily chart at 1.940 on 05/12/2023, so more gains to resistance(s) 2.575, 3.060 and maximum to Major Resistance (3.367) 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 54.