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 85.170, resumption of downtrend is expected.
• We make sure when the support at 81.350 breaks.
• If the resistance at 85.170 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• The RSI uptrend #1 is broken, so the probability of resumption of downtrend is increased.
• A peak is formed in daily chart at 84.30 on 11/25/2021, so more losses to support(s) 81.90 and minimum to Major Support (81.35) 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 33.

Supports and Resistances:

1. 85.17
2. 81.35
3. 80.90
4. 80.40
5. 79.85
6. 78.60
7. 76.20
8. 74.25