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 87.570, resumption of uptrend is expected.
• We make sure when the resistance at 93.020 breaks.
• If the support at 87.570 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• The RSI resistance #1 at 53 is broken, so the probability of resumption of uptrend is increased.
• A trough is formed in daily chart at 87.43 on 12/20/2021, so more gains to resistance(s) 91.58 and maximum to Major Resistance (93.02) 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 62.

Supports and Resistances:

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