At trading in Asia on Monday, this currency pair is trading with a slight decrease in quotations, remaining within the current support level at 0.9196 and at the resistance level around 0.9277.
On the four-hour chart, the moving averages with a period of 21 and 55 continue to develop in a narrow range, maintaining a slight discrepancy, which demonstrates the lack of advantage of any of the parties in this market. The four-hour quotation chart continues to develop in the area slightly above exponential moving averages, confirming the small upward potential of this market in the short term.
The technical picture shows a slight advantage of the bulls, as the MACD histogram remains in the area just above its central line, and the strength indicator of the current RSI movement has risen just above the 50 line, which confirms a small bullish potential in the short term.
Thus, we intend to buy this trading instrument today.