At trading in Asia on Monday, the EUR/USD currency pair is trading with a slight increase in quotations, remaining within the current support level at 1.1586 with the resistance level at 1.1664. 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 continue to grow, maintaining the divergence, which indicates the upward potential of this market in the short term.
The technical picture shows a slight advantage of bulls in this market, as the MACD histogram entered the area just above its central line, and the strength indicator of the current RSI movement rose above the 60 line, confirming the bullish dynamics of this market in the short term.
Thus, we intend to buy this trading instrument today.