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 95.960, resumption of uptrend is expected.
• We make sure when the resistance at 104.500 breaks.
• If the support at 95.960 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the peak at 100.182 on 2022-03-28 and the peak at 102.94 on 2022-04-21, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A trough is formed in daily chart at 98.285 on 05/24/2022, so more gains maximum to Major Resistance (104.500) 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. 99.837
2. 98.972
3. 97.771
4. 95.960
5. 92.158
6. 89.618
7. 87.572
8. 84.770
9. 80.550
10. 79.600
11. 78.500
12. 76.750