At trading in Asia on Wednesday, this currency pair is trading with a slight decrease in price, remaining within the current support level at 0.9110 and at the resistance level around 0.9163.
On the four-hour chart, the moving averages with a period of 21 and 55 continue to move down, maintaining the discrepancy, which demonstrates the continuing advantage of sellers in this market. The four-hour quotation chart progresses in the area just below the exponential moving averages, confirming the downward potential of this market in the short term.
The technical picture also demonstrates the advantage of bears in this market, as the MACD histogram entered the area just below its central line, and the strength indicator of the current RSI movement dropped to the 40 line, which confirms the sellers' advantage in the short term.
Thus, we intend to sell this trading instrument today.