Trading suggestion:

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

Midterm forecast:

• 2.755 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
• A trough is formed in daily chart at 1.390 on 05/27/2022, so more gains to resistance(s) 2.000 and maximum to Major Resistance (2.755) 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 48.