With the opening of trading in Asia on Tuesday, this currency pair is trading with an increase in quotations, remaining within the current support level at 1.3716 and the resistance level at 1.3810, where the market chart progresses above exponential moving averages with a period of 21 and 55 days, demonstrating the growing advantage of buyers and the continuation of the uptrend in this market in the short term.
On the four-hour chart, the moving averages continue to move up, accelerated and increase the divergence, which indicates in favor of an uptrend in this market in the short term.
The technical picture also demonstrates bullish potential, as the MACD histogram remains in the area slightly above its central line, and the strength indicator of the current RSI movement has reached the 70 line, confirming the bullish potential of this market in the short term.
Thus, we intend to buy this trading instrument today.