3.400 is major support; while this level is not broken, the Midterm wave will be uptrend. We will close our open trades if the Midterm level 3.400 is broken.
Technical analysis: While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low. A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected. Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 71.