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 1.21340, resumption of uptrend is expected.
• We make sure when the resistance at 1.25030 breaks.
• If the support at 1.21340 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
• A trough is formed in daily chart at 1.2147 on 12/21/2021, so more gains to resistance(s) 1.2325, 1.2464 and maximum to Major Resistance (1.2503) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 52.

Supports and Resistances:

1. 1.3420
2. 1.1600