Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Midterm forecast:

• While the price is above the support 0.94080, beginning of uptrend is expected.
• We make sure when the resistance at 0.96911 breaks.
• If the support at 0.94080 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 0.95965 on 09/14/2023, so more losses to support(s) 0.95448, 0.95038 and minimum to Major Support (0.94080) 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 50.

Take Profits:

1. 0.96255
2. 0.96911
3. 0.97614
4. 0.98162
5. 0.98674
6. 0.99688
7. 1.00882
8. 1.03738
9. 1.05105
10. 1.06098
11. 1.07029
12. 1.09330
13. 1.11449