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 1.06950, resumption of downtrend is expected.
• We make sure when the support at 1.03750 breaks.
• If the resistance at 1.06950 is broken, the short-term forecast -resumption of downtrend- will be invalid.

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 1.0466 on 12/16/2021, so more losses minimum to Major Support (1.0375) 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 37.

Supports and Resistances:

1. 1.1475
2. 1.1385
3. 1.1250
4. 1.1150
5. 1.1076
6. 1.0985
7. 1.0933
8. 1.0875
9. 1.0805
10. 1.0745
11. 1.0664
12. 1.0600