EUR/RUB 4H Chart: Two scenarios likely

Note: This section contains information in English only.
Source: Dukascopy Bank SA
4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate

The EUR/RUB exchange rate has been trading upwards since the end of June after it re-tested the 77.00 level.  

It is likely that some upside potential could prevail in the market as the currency pair could gain support from the 55-, 100– and 200-hour SMAs in the 82.30/86.80 area.  

Meanwhile, note that the exchange rate would have to exceed the psychological level at 90.00. If the given level holds, it is likely that a reversal south could follow. Otherwise, the rate could target the monthly R2 at 93.89.

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