Midterm forecast:
.There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 134.40 would begin in Midterm.
.Price may also reach 134.40, if price reaches this level, we may enter by Daily-Trading-Opportunities.
Trading suggestion:
Price is in the Sell Zone (134.40 to 136.65), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (134.40)
.Ending of entry zone (136.65)
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 51.
Take Profits:
TP1= @ 133.25
TP2= @ 131.65
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free