At trading in Asia on Tuesday, the EUR/USD currency pair is trading with an active increase in quotations, remaining within the current support level at 1.1608 with a resistance level at 1.1701. The four-hour chart continues to develop in the area above exponential moving averages, demonstrating the continuation of the upward trend of this market in the short term.
Moving averages with a period of 21 and 55 days have formed a buy signal and are growing increasing the divergence, which indicates a good upward potential of this market in the short term.
The technical picture also indicates the strengthening of bulls in this market, as the MACD histogram has entered the area above its central line, and the strength indicator of the current RSI movement has reached the 70 line, confirming the solid bullish dynamics of this market in the short term.
Thus, we intend to buy this trading instrument today.