Trading suggestion:

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

Midterm forecast:

• 1.06820 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 1.0937 on 09/17/2021, so more losses to support(s) 1.0500, 1.0430, 1.0405 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 26.

Supports and Resistances:

1. 1.1475
2. 1.1385
3. 1.1250
4. 1.1150
5. 1.1115
6. 1.1078
7. 1.1025
8. 1.0985
9. 1.0956
10. 1.0805
11. 1.0745
12. 1.0664