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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 above the support 1.20100, beginning of uptrend is expected.
• We make sure when the resistance at 1.27250 breaks.
• If the support at 1.20100 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 1.2070 on 05/18/2020, so more gains maximum to Major Resistance (1.2725) 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 68.

Supports and Resistances:

1. 1.2245
   • Support on 05/28/2020
   • Support on 05/27/2020
   • Resistance on 05/22/2020
   • Resistance on 05/21/2020
   • Resistance on 05/15/2020
   • Support on 05/12/2020
   • Support on 04/21/2020
   • Support on 04/03/2020
   • Resistance on 03/26/2020
   • Support on 03/16/2020
   • Support on 03/13/2020
   • Support on 10/02/2019
   • Support on 10/01/2019
   • Support on 09/09/2019
   • Support on 09/05/2019
   • Resistance on 07/31/2019
   • Support on 03/16/2017
   • Resistance on 03/13/2017
   • Support on 03/03/2017
   • Support on 03/02/2017
   • Support on 01/20/2017
   • Support on 01/19/2017
   • Support on 01/18/2017
   • Support on 01/06/2017
   • Support on 12/30/2016
   • Support on 12/27/2016
   • Support on 12/26/2016
   • Support on 12/23/2016
   • Resistance on 11/01/2016
   • Resistance on 10/31/2016
   • Resistance on 10/25/2016
   • Resistance on 10/24/2016
   • Resistance on 10/12/2016
   • Support on 10/07/2016