Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.3355 to 1.3200).

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

• Beginning of entry zone (1.3355)
• Ending of entry zone (1.3200)

Midterm forecast:

• While the price is above the support 1.32000, beginning of uptrend is expected.
• We make sure when the resistance at 1.40150 breaks.
• If the support at 1.32000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 1.3607 on 11/09/2021, so more losses minimum to Major Support (1.3200) 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 35.

Take Profits:

1. 1.3565
2. 1.3784
3. 1.4015
4. 1.4240
5. 1.4565
6. 1.4825