| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Neutral |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The Euro has been depreciating against the Russian Ruble since the beginning of January when the pair reversed south from the psychological level at 80.00.
As apparent on the chart, the exchange rate has already tested the lower boundary of the long-term ascending channel at 74.28. From a theoretical point of view, the general direction is expected to be north as the rate targets the upper channel line. The resistance level to look out for is the Fibonacci 23.60% retracement at 76.71.
However, if given channel does not hold, it is likely that a breakout south occurs in the nearest future. A possible downside target is the Fibonacci 38.20% retracement at 73.49.