Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• 107.155 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A trough is formed in daily chart at 102.580 on 08/15/2022, so more gains to resistance(s) 110.116, 111.537, 113.748 and more heights 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. 102.749
2. 101.110
3. 97.771
4. 92.158