With the opening of trading in Asia on Wednesday, this currency pair is trading with a slight increase in quotations, remaining within the current support level at 1.3567 and the resistance level at 1.3661, where the market chart progresses slightly above the exponential moving averages with a period of 21 and 55 days, demonstrating a slight advantage of buyers and the continuation of the uptrend in this market in the short term.
On the four-hour chart, the moving averages have reduced the divergence to a minimum, which indicates in favor of a neutral trend in this market in the short term.
The technical picture also demonstrates an equivalent potential, since the MACD histogram remains in the area just below its central line, and the strength indicator of the current RSI movement has reached the 50 line, confirming the equivalent potential of this market in the short term.
Thus, we intend to stay out of this market today.