EUR/RUB may fall to 81.680 - 85.290

99.620 is our pivot point.

Our preference

The downside prevails as long as 99.620 is resistance.

Alternative scenario

Above 99.620, look for 105.840 and 109.540.

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 is trading under both its 20 and 50 period moving average (respectively at 95.299 and 97.366).

Supports and resistances

109.540 **

105.840 *

99.620 **

97.180

93.026 last

85.290

81.680 **

78.070 *

74.450 **

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