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 114.700, beginning of downtrend is expected.
• We make sure when the support at 111.650 breaks.
• If the resistance at 114.700 is broken, the short-term forecast -beginning of downtrend- will be invalid.

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 of downtrend is increased.
• A peak is formed in daily chart at 115.51 on 11/24/2021, so more losses to support(s) 112.40 and minimum to Major Support (111.65) 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 45.