At trading in Asia on Thursday, this currency pair is trading with an increase in price, remaining within the current support level at 0.9101 and at the resistance level around 0.9205.
On the four-hour chart, the moving averages with a period of 21 and 55 continue to move down, accelerate and maintain divergence, which demonstrates the advantage of sellers in this market. The four-hour quote chart is progressing in the area below exponential moving averages, confirming the continued downward potential of this market in the short term.
The technical picture also demonstrates the advantage of bears in this market, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fallen below the 50 line, which confirms the advantage of bears in the short term.
Thus, we intend to sell this trading instrument today.