| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/RUB exchange rate has been trading downwards since the beginning of May. The rate has already declined below 78.00.
Given that the currency pair is pressured by the 55-, 100– and 200-hour moving averages in the 78.00 area, it is likely that bears could continue to prevail in the market. In this case the pair could decline to the Fibo 61.80% at 71.38.
Meanwhile, note that the exchange rate could gain support from the Fibo 50.00% at 74.93. If the given support holds, it is likely that a reversal north could occur.