Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• 111.650 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• There is a divergence in RSI and price between the peak at 110.96 on 2021-03-31 and the peak at 111.652 on 2021-07-02, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• The RSI resistance #1 at 55 is broken, so the probability of continuation of uptrend is increased.
• A trough is formed in daily chart at 113.41 on 10/22/2021, so more gains to resistance(s) 114.69, 115.82, 118.60 and more heights 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 63.