| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
[ANNOUNCE] The EUR/RUB currency pair reached the lower boundary of the falling wedge pattern located circa 72.45. [/ANNOUNCE]
As apparent on the chart, the pair has already reversed north from the given line. Currently, the exchange rate is testing the Fibonacci 38.20% retracement at 73.49. Given that the rate is being supported by the 55– and 100-hour SMAs, it is likely that some upside momentum prevails in the market. A possible upside target is the monthly R1 at 75.02.
It is unlikely, that bears would prevail in the market, and a breakout south could occur within the following sessions.