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 below the resistance 90.390, resumption of downtrend is expected.
• We make sure when the support at 87.570 breaks.
• If the resistance at 90.390 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 90.36 on 12/08/2021, so more losses to support(s) 88.30 and minimum to Major Support (87.57) 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 45.

Supports and Resistances:

1. 87.57
2. 86.05
3. 85.00
4. 80.55
5. 79.60
6. 78.50
7. 76.75