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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 below the resistance 1.79500, beginning of downtrend is expected.
• We make sure when the support at 1.74300 breaks.
• If the resistance at 1.79500 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 1.7845 on 12/31/2019, so more losses minimum to Major Support (1.7430) 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 43.