Trading suggestion:

Price is in the Trend Hunter Buy Zone (87.016 to 85.904).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (87.016)
• Ending of entry zone (85.904)

Midterm forecast:

• While the price is above the support 85.904, beginning of uptrend is expected.
• We make sure when the resistance at 93.033 breaks.
• If the support at 85.904 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 93.010 on 02/15/2023, so more losses minimum to Major Support (85.904) 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 29.

Take Profits:

1. 89.020
2. 90.051
3. 90.970
4. 92.079
5. 93.033
6. 94.570
7. 95.700
8. 96.870
9. 98.580