Trading suggestion:

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

Midterm forecast:

• 1.03221 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 1.03840 on 03/29/2022, so more losses to support(s) 1.00223, 0.99570, 0.98106 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 41.

Supports and Resistances:

1. 1.11449
2. 1.09330
3. 1.08050
4. 1.05609
5. 1.04300