| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The EUR/RUB exchange rate has been trading downwards since the beginning of December after the rate failed to surpass the resistance level—the Fibonacci 50.00% retracement at 70.89.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located circa 69.00. Thus, it is likely that some downside potential could prevail in the market.
In this case, the exchange rate could gain support from the Fibonacci 61.80% retracement at 68.29. If the given support level holds, it is likely that a reversal north could follow.