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 1.14850, beginning of uptrend is expected.
• We make sure when the resistance at 1.19110 breaks.
• If the support at 1.14850 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 trough is formed in daily chart at 1.1524 on 10/12/2021, so more gains to resistance(s) 1.1635, 1.1665, 1.1705 and maximum to Major Resistance (1.1911) 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 42.

Supports and Resistances:

1. 1.2600