EUR/RUB may fall to 90.140 - 92.370

Our pivot point is at 100.350.

Our preference

The downside prevails as long as 100.350 is resistance.

Alternative scenario

Above 100.350, look for 104.120 and 106.370.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 98.025 and 98.951).

Supports and resistances

106.370 **

104.120 *

100.350 **

98.870

97.018 last

92.370

90.140 **

87.910 *

85.670 **

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