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 1.53564, resumption of downtrend is expected.
• We make sure when the support at 1.43000 breaks.
• If the resistance at 1.53564 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 1.48620 on 06/16/2022, so more gains maximum to Major Resistance (1.53564) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 58.

Supports and Resistances:

1. 1.73150
2. 1.68250
3. 1.64369
4. 1.62330
5. 1.59299
6. 1.55813
7. 1.53564
8. 1.49222