| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The EUR/RUB currency pair has been trading within the rising triangle pattern since the beginning of April.
As apparent on the chart, the pair has already reversed south from the upper pattern boundary at the 73.58 mark. From a theoretical point of view, it is likely, that the exchange rate targets the lower triangle boundary located circa 72.00. If the given pattern holds, it is expected, that the rate continues to trade within it.
Also, note, that it is unlikely, that bears could prevail in the market and, and the pair could drop lower than 71.60 due to the support of the lower boundary of the long-term descending channel.