EUR/RUB 1H Chart: Possible junior pattern spotted

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

Previously, the EUR/RUB broke the junior descending pattern's resistance in the aftermath of encountering the support of a dominant channel. Afterwards it was clear only that the rate will continue its surge, but there did not exist a charted new medium term pattern.

During the second half of Thursday's trading session that pattern was spotted. However, it has not been fully confirmed. For it to be fully confirmed as a serious pattern, the lower trend line needs to force the pair into another bounce off. 

It is expected by Dukascopy Analysts that the event might take place, as the pair trades horizontally and meets with the trend line, which by that time is set to be strengthened by the 55, 100 and 200-hour simple moving averages.

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