Trading suggestion:

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

Midterm forecast:

• 1.15240 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• The RSI uptrend #2 is broken, so the probability of continuation of downtrend is increased.
• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 1.1482 on 01/14/2022, so more losses to support(s) 1.1084, 1.0892, 1.0648 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 34.