EUR/RUB may rise to 112.100 - 115.810

Our pivot point is at 99.350.

Our preference

As long as 99.350 is support look for 115.810.

Alternative scenario

Below 99.350, expect 93.140 and 89.440.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (104.519) but above its 50 period moving average (101.579).

Supports and resistances

123.240 **

119.530 *

115.810 **

112.100

104.241 last

101.790

99.350 **

93.140 *

89.440 **

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