Trading suggestion:

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

Midterm forecast:

• 0.87450 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 0.89646 on 09/22/2022, so more losses to support(s) 0.85550, 0.83950, 0.81490 and more depths 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 33.

Supports and Resistances:

1. 0.99900
2. 0.99000
3. 0.97600
4. 0.95978
5. 0.94610
6. 0.93407
7. 0.92545
8. 0.91050
9. 0.90250
10. 0.89653
11. 0.88980
12. 0.88095