EUR/RUB 4H Chart: Could edge higher

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellBuyBuy
Aggregate⇘⇗⇗

[ANNOUNCE]The common European currency has declined by 2.45% against the Russian Ruble since April 7. The decline was stopped by the 50– period simple moving average at 90.55 during yesterday's trading session.[/ANNOUNCE]

All things being equal, the exchange rate is likely to edge higher during the following trading sessions. The potential target for the EUR/RUB pair will be near the 93.00 area.

However, if the currency exchange rate breaks the support line formed by the 50– period SMA, a decline towards the 89.00 level could be expected during next week's trading sessions.

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