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 above the support 1.65300, resumption of uptrend is expected.
• We make sure when the resistance at 1.73400 breaks.
• If the support at 1.65300 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 1.7357 on 02/04/2022, so more losses to support(s) 1.6640 and minimum to Major Support (1.6530) 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. 1.8220
2. 1.7930
3. 1.7645
4. 1.7340
5. 1.6946
6. 1.6794
7. 1.6640
8. 1.6530
9. 1.6387