Midterm forecast: While the price is above the support 1.2995, beginning of uptrend is expected. We make sure when the resistance at 1.3460 breaks. If the support at 1.2995 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 1.3146 on 01/06/2021, so more gains to resistance(s) 1.3335, 1.3390 and maximum to Major Resistance (1.3460) 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 53.
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