Trading suggestion:

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

Midterm forecast:

• Although current trend is downtrend, but we forecast a uptrend wave would begin in Midterm.

Technical analysis:

• While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 1.03648 on 08/11/2022, so more losses to support(s) 1.00125 and minimum to Major Support (0.99510) 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. 1.22650
2. 1.19105
3. 1.16909
4. 1.14620
5. 1.11850
6. 1.09485
7. 1.07850
8. 1.05454
9. 1.03700
10. 1.02291
11. 0.99510