While 1.2885 is not broken, bullish wave in price would begin.

While 1.2885 is not broken, bullish wave in price would begin.


Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1.2885 would begin in Midterm.

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

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed in daily chart at 1.3080 on 09/27/2018, so more losses minimum to Major Support (1.2885) 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 41.

Supports and Resistances:
1: 1.4690
2: 1.4200
3: 1.3795
4: 1.3385
5: 1.3260
6: 1.3000
7: 1.2805
8: 1.2730
9: 1.2665
10: 1.2545
11: 1.2465
12: 1.2250
13: 1.2060