Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.9600 to 1.9700). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

• Beginning of entry zone (1.9600)
• Ending of entry zone (1.9700)

Midterm forecast:

• While the price is below the resistance 1.97000, beginning of downtrend is expected.
• We make sure when the support at 1.91760 breaks.
• If the resistance at 1.97000 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• The RSI support #1 at 45 is broken, so the probability of beginning of downtrend is increased.
• A peak is formed in daily chart at 1.9564 on 09/17/2021, so more losses to support(s) 1.9436, 1.9337 and minimum to Major Support (1.9176) 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 49.

Take Profits:

1. 1.9527
2. 1.9436
3. 1.9337
4. 1.9176
5. 1.9029
6. 1.8894
7. 1.8639
8. 1.8120