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 1.20570, resumption of uptrend is expected.
• We make sure when the resistance at 1.22860 breaks.
• If the support at 1.20570 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 1.2289 on 12/07/2021, so more losses minimum to Major Support (1.2057) 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 40.

Supports and Resistances:

1. 1.3420
2. 1.1600