At trading in Asia on Tuesday, this currency pair is trading with a slight decrease in quotations, remaining within the current support level at 0.9126 and at the resistance level around the 0.9104 mark.
On the four-hour chart, the moving averages with a period of 21 and 55 turned down, accelerated and formed a sell signal, increasing the divergence, which demonstrates the emergence of a downtrend in this market. The price chart remains in the area below the exponential moving averages, which indicates the strengthening of the bearish potential of this market in the short term.
The technical picture also shows the strengthening of sellers in this market, since the MACD histogram has entered the area below its central line, and the strength indicator of the current RSI movement remains below the 40 line, which confirms the strengthening of the downtrend in this market in the short term.
Thus, we intend to sell this trading instrument today.