EUR/RUB may fall to 89.100 - 91.220

Our pivot point is at 98.660.

Our preference

The downside prevails as long as 98.660 is resistance.

Alternative scenario

The upside breakout of 98.660, would call for 102.220 and 104.350.

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 97.344 and 98.602).

Supports and resistances

104.350 **

102.220 *

98.660 **

97.260

95.835 last

91.220

89.100 **

86.990 *

84.880 **

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