Trading suggestion:

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

Midterm forecast:

• 1.53500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• A peak is formed in daily chart at 1.5159 on 03/09/2022, so more losses to support(s) 1.4936, 1.4564, 1.4277 and more depths 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 32.

Supports and Resistances:

1. 1.7315
2. 1.6825
3. 1.6437
4. 1.5930