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 1.34003, resumption of downtrend is expected.
• We make sure when the support at 1.29950 breaks.
• If the resistance at 1.34003 is broken, the short-term forecast -resumption of downtrend- 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 1.34775 on 01/06/2023, so more losses to support(s) 1.31000 and minimum to Major Support (1.29950) 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 26.

Supports and Resistances:

1. 1.46350
2. 1.43005
3. 1.42630
4. 1.42041
5. 1.40909
6. 1.39750
7. 1.39242
8. 1.38526
9. 1.37759
10. 1.36500
11. 1.35915
12. 1.35348
13. 1.34617
14. 1.34003