EUR/RUB may fall to 82.160 - 86.460

Our pivot point stands at 101.800.

Our preference

As long as 101.800 is resistance look for 82.160.

Alternative scenario

Above 101.800, look for 109.100 and 113.450.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price stands above its 20 period moving average (94.946) but below its 50 period moving average (95.705).

Supports and resistances

113.450 **

109.100 *

101.800 **

98.940

95.229 last

86.460

82.160 **

77.860 *

73.560 **

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