While the price is above the support 1.1300, beginning of uptrend is expected.
We make sure when the resistance at 1.1840 breaks.
If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid.
There is a divergence in
The downtrend #1 is broken, so the probability of beginning of uptrend is increased.
While the support #2 at 46 is not broken, the probability of price decrease would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 60.