| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | 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 | ⇘ | ⇘ | ⇗ |
Since the end of October, the EUR/RUB currency pair has been declining within a falling wedge pattern.
From a theoretical perspective, it is likely that the exchange rate could breach the predetermined pattern within the following trading sessions. The rate could re-test the psychological level at 94.00.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 90.00/91.00 range. Thus, some downside potential could continue to prevail in the market.