At trading in Asia on Wednesday, this currency pair is trading with a decrease in price, remaining within the current support level at 0.9178 and at the resistance level around 0.9257.
On the four-hour chart, the moving averages with a period of 21 and 55 continue to move down, slow down and reduce the discrepancy, which demonstrates the loss of advantage by sellers in this market. The four-hour chart of quotations progresses in the area below exponential moving averages, confirming the remaining, downward potential of this market in the short term.
The technical picture also demonstrates the advantage of bulls in this market, since the MACD histogram remains in the area above its central line, and the strength indicator of the current RSI movement has risen to the 50 line, which confirms the advantage of bulls in the short term.
Thus, we intend to buy this trading instrument today.