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 above the support 1.31850, resumption of uptrend is expected.
• We make sure when the resistance at 1.39789 breaks.
• If the support at 1.31850 is broken, the short-term forecast -resumption of uptrend- 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 1.35665 on 05/15/2023, so more losses to support(s) 1.34074, 1.33170 and minimum to Major Support (1.31850) 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 50.

Supports and Resistances:

1. 1.46600
2. 1.40500
3. 1.36634
4. 1.29158
5. 1.28183
6. 1.27277
7. 1.24700
8. 1.23010
9. 1.22000
10. 1.20060