| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The EUR/RUB currency pair reached the lower boundary of the falling wedge pattern located circa 72.45.
As apparent on the chart, the pair has already reversed north from the given line. Currently, the exchange rate is testing the Fibonacci 38.20% retracement at 73.49. Given that the rate is being supported by the 55– and 100-hour SMAs, it is likely that some upside momentum prevails in the market. A possible upside target is the monthly R1 at 75.02.
It is unlikely, that bears would prevail in the market, and a breakout south could occur within the following sessions.