Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• 1.72611 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

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 1.76515 on 08/02/2022, so more losses to support(s) 1.68600, 1.65500, 1.61600 and more depths 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 32.

Supports and Resistances:

1. 1.92135
2. 1.89575
3. 1.87528
4. 1.83859
5. 1.81515
6. 1.79830
7. 1.76973
8. 1.75116