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 78.610, resumption of downtrend is expected.
• We make sure when the support at 75.840 breaks.
• If the resistance at 78.610 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 78.83 on 01/13/2022, so more losses to support(s) 76.60 and minimum to Major Support (75.84) 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 46.

Supports and Resistances:

1. 83.85
2. 82.52
3. 81.55
4. 80.15
5. 79.45
6. 78.61
7. 77.80