EUR/RUB may rise to 103.310 - 107.500

87.530 is our pivot point.

Our preference

Rebound towards 107.500.

Alternative scenario

Below 87.530, expect 80.640 and 76.540.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 94.268 and 96.705).

Supports and resistances

115.880 **

111.690 *

107.500 **

103.310

93.806 last

90.240

87.530 **

80.640 *

76.540 **

Number of asterisks represents the strength of support and resistance levels.