Trading suggestion:

Price is in the Trend Hunter Buy Zone (1.34069 to 1.33686).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (1.34069)
• Ending of entry zone (1.33686)

Midterm forecast:

• While the price is above the support 1.32775, beginning of uptrend is expected.
• We make sure when the resistance at 1.36500 breaks.
• If the support at 1.32775 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 53 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 1.36030 on 12/15/2022, so more losses to support(s) 1.33686 and minimum to Major Support (1.32775) 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 34.

Take Profits:

1. 1.35915
2. 1.36500
3. 1.37759
4. 1.38526
5. 1.39242
6. 1.39750
7. 1.40909
8. 1.42041
9. 1.42630
10. 1.43005
11. 1.46350