With the opening of trading in Asia on Friday, this currency pair is trading with an increase in quotations, remaining within the current support level at 1.3861 and the resistance level at 1.3975, where the market chart progresses slightly above the exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of buyers in this market in the short term.
On the four-hour chart, the moving averages have slowed down, but they continue to move up, maintaining a divergence, which indicates in favor of an upward movement of this market in the short term.
The technical picture also demonstrates the advantage of the bulls, as the MACD histogram entered the area just above its central line, and the strength indicator of the current RSI movement rose to the 60 line, confirming the bullish potential of this market in the short term.