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 1.29757, continuation of downtrend is expected.
• We make sure when the support at 1.20000 breaks.
• If the resistance at 1.29757 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 1.26335 on 05/05/2022, so more losses to support(s) 1.22510, 1.21545 and minimum to Major Support (1.20000) 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 29.

Supports and Resistances:

1. 1.48250
2. 1.45650
3. 1.37937
4. 1.36391
5. 1.34270
6. 1.33050
7. 1.28170