With the opening of trading in Asia on Thursday, this currency pair is trading with a slight increase in quotations, remaining within the current support level at 1.3262 and the resistance level at 1.3362, where the market chart progresses below exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of sellers in this market in the short term.
On the four-hour chart, the moving averages continue to move down, maintaining a significant discrepancy, which indicates the remaining initiative of the bears in this market in the short term.
The technical picture also demonstrates the sellers' advantage, since the MACD histogram remains in the area just below its central line, and the strength indicator of the current RSI movement remains near the 40 line, confirming the potential for sales in this market in the short term.
Thus, we also intend to sell this trading instrument today.