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 77.900, resumption of downtrend is expected.
• We make sure when the support at 76.000 breaks.
• If the resistance at 77.900 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 77.97 on 12/16/2021, so more losses minimum to Major Support (76.00) 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 37.

Supports and Resistances:

1. 83.85
2. 82.52
3. 81.55
4. 80.15
5. 79.45
6. 78.61
7. 77.90