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 94.060, resumption of uptrend is expected.
• We make sure when the resistance at 98.000 breaks.
• If the support at 94.060 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
• A trough is formed in daily chart at 93.050 on 08/15/2022, so more gains maximum to Major Resistance (98.000) 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 69.

Supports and Resistances:

1. 94.060
2. 92.270
3. 91.000
4. 88.860
5. 87.359
6. 86.000
7. 73.100