EUR/RUB may rise to 107.440 - 110.690

Our pivot point is at 95.590.

Our preference

As long as 95.590 is support look for 110.690.

Alternative scenario

Below 95.590, expect 90.180 and 86.960.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 100.093 and 96.992).

Supports and resistances

117.200 **

113.940 *

110.690 **

107.440

100.313 last

97.710

95.590 **

90.180 *

86.960 **

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