At trading in Asia on Wednesday, the EUR/USD currency pair is trading with a decrease in quotations, remaining within the current support level at 1.1230 with a resistance level at 1.1339. The four-hour chart continues to develop in the area below exponential moving averages, demonstrating the strengthening of the downward potential of this market in the short term.
Moving averages with a period of 21 and 55 days also continue to move steadily down and maintain a decent divergence, which indicates a strong downward potential of this market in the short term.
The technical picture also indicates the advantage of bears in this market, since the MACD histogram has entered the area just below its central line, and the strength indicator of the current RSI movement remains below the 40 line, confirming the downward dynamics of this market in the short term.
Thus, we intend to sell this trading instrument today.