With the opening of trading in Asia on Monday, this currency pair is trading with a confident increase in quotations, remaining within the current support level at 1.3580 and the resistance level at 1.3689, where the market chart progresses significantly above the exponential moving averages with a period of 21 and 55 days, demonstrating a confident advantage of buyers and the continuation of the uptrend in this market in the short term.
On the four-hour chart, the moving averages turned up, forming a buy signal, accelerated and are now increasing the divergence, which indicates in favor of an uptrend in this market in the short term.
The technical picture also demonstrates the advantage of buyers, since the MACD histogram remains in the area just above its central line, and the strength indicator of the current RSI movement has reached the 60 line, confirming the bullish potential of this market in the short term.
Thus, we intend to buy this trading instrument today.