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 1.39742, resumption of downtrend is expected.
• We make sure when the support at 1.30760 breaks.
• If the resistance at 1.39742 is broken, the short-term forecast -resumption of downtrend- 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 trough is formed in daily chart at 1.32245 on 11/15/2022, so more gains to resistance(s) 1.35000, 1.37055, 1.38382 and maximum to Major Resistance (1.39742) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 51.

Supports and Resistances:

1. 1.46600
2. 1.41950
3. 1.37055
4. 1.35000
5. 1.33615
6. 1.32228
7. 1.30760
8. 1.29590
9. 1.23010
10. 1.20060