EUR/RUB may fall to 89.680 - 91.790

Our pivot point stands at 99.250.

Our preference

The downside prevails as long as 99.250 is resistance.

Alternative scenario

Above 99.250, look for 102.810 and 104.930.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 98.370 and 99.192). Finally, the EUR/RUB is trading below its lower Bollinger band (standing at 96.269).

Supports and resistances

104.930 **

102.810 *

99.250 **

97.850

96.066 last

91.790

89.680 **

87.570 *

85.460 **

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