At trading in Asia on Tuesday, the EUR/USD currency pair is trading with a decrease in quotations, remaining within the current support level at 1.1572 with a resistance level at 1.1685. 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 also continue to move down, maintaining the divergence, which speaks in favor of continuing the bearish trend in this market in the short term.
The technical picture indicates the remaining bullish potential in this market, as the MACD histogram remains in the area just above its central line, and the strength indicator of the current RSI movement has dropped to the 40 line, confirming the continued bearish dynamics of this market in the short term.
Thus, we intend to sell this trading instrument today.