Midterm forecast: . While the price is above the support 1.0990, beginning of Uptrend is expected. . We make sure when the Resistance at 1.14950 breaks. . If the suppor at 1.0990 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: . The ascending flag taking shape suggests we will soon see another leg higher. . While the RSI uptrend #1 is not broken, bullish wave in price would continue. . A peak is formed in daily chart at 1.1350 on 06/23/2020, so more losses to support(s) 1.1145 and minimum to Major Support (1.0990) 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.