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 1.09190, resumption of uptrend is expected.
• We make sure when the resistance at 1.11650 breaks.
• If the support at 1.09190 is broken, the short-term forecast -resumption 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 1.09880 on 08/17/2022, so more gains maximum to Major Resistance (1.11650) 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 60.

Supports and Resistances:

1. 1.11650
2. 1.09957
3. 1.09190
4. 1.07990
5. 1.06977
6. 1.05978
7. 1.05090
8. 1.04492
9. 1.03479