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 1.22000, resumption of uptrend is expected.
• We make sure when the resistance at 1.28000 breaks.
• If the support at 1.22000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 1.2551 on 11/17/2021, so more losses to support(s) 1.2220 and minimum to Major Support (1.2200) 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 35.

Supports and Resistances:

1. 1.3420
2. 1.1600