| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
The Euro has been appreciating against the Russian Ruble since the beginning of January. This movement has been bounded within the ascending channel.
From a theoretical point of view, it is likely that the Euro could continue to extend gains against the Russian Ruble within the given channel in the medium term. Note that the exchange rate would have to surpass the Fibonacci 50.00% retracement at 70.89.
If the given resistance level holds, it is likely that a breakout south could occur within the following trading sessions. However, note that the currency pair would have to surpass the Fibonacci 61.80% retracement at 68.29.