Trading suggestion:

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

Midterm forecast:

• 1.67108 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

• There is a divergence in RSI and price between the peak at 1.72826 on 2021-12-29 and the peak at 1.73763 on 2022-02-21, the probability of uptrend continuation is decreased and the probability of continuation of downtrend is increased.
• A peak is formed in daily chart at 1.67210 on 03/23/2022, so more losses to support(s) 1.63850, 1.61900, 1.58750 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 27.

Supports and Resistances:

1. 1.76000
2. 1.74227
3. 1.72630
4. 1.71670