EUR/RUB may fall to 83.540 - 86.610

Our pivot point stands at 97.610.

Our preference

The downside prevails as long as 97.610 is resistance.

Alternative scenario

The upside breakout of 97.610, would call for 102.810 and 105.910.

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 94.399 and 94.712).

Supports and resistances

105.910 **

102.810 *

97.610 **

95.570

92.772 last

86.610

83.540 **

80.470 *

77.400 **

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