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 below the resistance 1.53503, resumption of downtrend is expected.
• We make sure when the support at 1.42765 breaks.
• If the resistance at 1.53503 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 1.45425 on 04/21/2022, so more gains to resistance(s) 1.49358 and maximum to Major Resistance (1.53503) 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 57.

Supports and Resistances:

1. 1.73150
2. 1.68250
3. 1.64369
4. 1.59299