EUR/RUB may fall to 81.320 - 85.230

Our pivot point stands at 98.760.

Our preference

The downside prevails as long as 98.760 is resistance.

Alternative scenario

Above 98.760, look for 105.360 and 109.290.

Comment

The RSI is below its neutrality area at 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 95.012 and 95.174).

Supports and resistances

109.290 **

105.360 *

98.760 **

96.160

93.502 last

85.230

81.320 **

77.410 *

73.500 **

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