While the price is below the resistance 1.7185, resumption of downtrend is expected.
We make sure when the support at 1.6565 breaks.
If the resistance at 1.7185 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 1.7185 is broken.
While the RSI resistance #1 at 63 is not broken, the probability of price increase would be too low.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 46.