Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.11326 to 1.11071). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (1.11326)
• Ending of entry zone (1.11071)

Midterm forecast:

• 1.10223 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• The ascending flag taking shape suggests we will soon see another leg higher.
• While the RSI support #1 at 42 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 1.11160 on 11/26/2024, so more gains to resistance(s) 1.12946, 1.13659, 1.14514 and more heights 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 48.

Take Profits:

1. 1.12946
2. 1.13659
3. 1.14514
4. 1.15161
5. 1.16761
6. 1.18718
7. 1.19988
8. 1.22953
9. 1.24464
10. 1.34200