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 0.99500, beginning of uptrend is expected.
• We make sure when the resistance at 1.03500 breaks.
• If the support at 0.99500 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 0.99500 on 07/14/2022, so more gains to resistance(s) 1.02259 and maximum to Major Resistance (1.03500) 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 33.

Supports and Resistances:

1. 1.22650
2. 1.19105
3. 1.16909
4. 1.14620
5. 1.11850
6. 1.09485
7. 1.07850
8. 1.05454
9. 0.99500