Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.21886 to 1.20000).

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

• Beginning of entry zone (1.21886)
• Ending of entry zone (1.20000)

Midterm forecast:

• While the price is above the support 1.20000, beginning of uptrend is expected.
• We make sure when the resistance at 1.29757 breaks.
• If the support at 1.20000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 1.24060 on 06/16/2022, so more losses 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 38.

Take Profits:

1. 1.24122
2. 1.26340
3. 1.29757
4. 1.31600
5. 1.33600
6. 1.36420
7. 1.38330
8. 1.45650
9. 1.48250