At trading in Asia on Friday, the EUR/USD currency pair is trading with a decrease in quotations, remaining within the current support level at 1.1201 with a resistance level at 1.1326. 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 indicates the weakening of bears in this market, as the MACD histogram entered the area slightly above its central line, and the strength indicator of the current RSI movement rose slightly above the 40 line, confirming the weakening downward dynamics of this market in the short term.
Thus, we intend to stay out of this market today.