At trading in Asia on Thursday, the EUR/USD currency pair is trading with a slight decrease in quotations, remaining within the current support level at 1.1590 with the resistance level at 1.1661. 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 after the formation of a buy signal are growing, increasing the discrepancy, which indicates the upward potential of this market in the short term.
The technical picture indicates a slight weakening of the bulls in this market, as the MACD histogram entered the area just below its central line, and the strength indicator of the current RSI movement fell below the 60 line, confirming the weaker bullish dynamics of this market in the short term.
Thus, we intend to sell this trading instrument today.