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 1.1529 with a resistance level at 1.1612. The four-hour chart continues to develop in the area just below the exponential moving averages, demonstrating a possible continuation of the downward trend of this market in the short term.
Moving averages with a period of 21 and 55 days continue to move down, maintaining a decent discrepancy, which indicates the remaining potential of sellers, and this may be enough to continue the bearish trend in this market in the short term.
The technical picture indicates the preservation of bearish potential 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 at the 50 line, confirming the bearish dynamics of this market in the short term.
Thus, we intend to sell this trading instrument today.