EUR/RUB may rise to 114.160 - 118.250

Our pivot point stands at 100.070.

Our preference

The upside prevails as long as 100.070 is support.

Alternative scenario

Below 100.070, expect 93.220 and 89.150.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 103.324 and 100.339).

Supports and resistances

126.440 **

122.350 *

118.250 **

114.160

105.714 last

102.760

100.070 **

93.220 *

89.150 **

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