At trading in Asia on Friday, the EUR/USD currency pair is trading with a slight increase in quotations, remaining within the current support level at 1.1747 and the resistance level at 1.1847. The four-hour chart continues to develop in the area below the exponential moving averages, demonstrating the continuation of the bearish trend of this market in the short term.
Moving averages with a period of 21 and 55 days continue to move down, increasing the discrepancy, which speaks in favor of further development of a bearish trend in this market in the short term.
The technical picture indicates the continuation of the downtrend in this market, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fallen to the 40 line, confirming the bearish dynamics of this market in the short term.
Thus, we intend to sell this trading instrument today.