EURRUB has been in a downmove since around the second half of December. Our oscillators once again suggest that the pair is oversold on the shorter timeframe. But before the bulls could jump back in again, ideally, a break through the downside resistance line and a push above the 72.327 level would be required. This way we could target slightly higher areas. But until such a move happens, we cannot get comfortable with the upside yet.