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Trading suggestion:

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

Midterm forecast:

• 1.39500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• The descending flag taking shape suggests we will soon see another leg lower.
• A trough is formed in daily chart at 1.3745 on 12/23/2019, so more gains to resistance(s) 1.3880 and maximum to Major Resistance (1.3950) 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.