EUR/RUB may fall to 92.660 - 94.450

Our pivot point is at 100.900.

Our preference

The downside prevails as long as 100.900 is resistance.

Alternative scenario

The upside breakout of 100.900, would call for 103.930 and 105.740.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 98.875 and 99.483).

Supports and resistances

105.740 **

103.930 *

100.900 **

99.710

98.122 last

94.450

92.660 **

90.860 *

89.070 **

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