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 1.38117, resumption of uptrend is expected.
• We make sure when the resistance at 1.46630 breaks.
• If the support at 1.38117 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 1.41515 on 07/15/2022, so more gains to resistance(s) 1.43585, 1.44522 and maximum to Major Resistance (1.46630) 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 48.

Supports and Resistances:

1. 1.54200
2. 1.52200
3. 1.51121
4. 1.49550
5. 1.48304
6. 1.44522
7. 1.40607
8. 1.35900
9. 1.32650