Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.64952 to 1.64140).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (1.64952)
• Ending of entry zone (1.64140)

Midterm forecast:

• While the price is above the support 1.64140, resumption of uptrend is expected.
• We make sure when the resistance at 1.71860 breaks.
• If the support at 1.64140 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A peak is formed in daily chart at 1.67475 on 08/15/2024, so more losses minimum to Major Support (1.64140) 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.

Take Profits:

1. 1.65963
2. 1.66703
3. 1.67400
4. 1.68339
5. 1.70671
6. 1.72746
7. 1.78150