EURRUB could be forming a flag on the daily chart. Currently, the pair is sitting around its 200 EMA. For now, we will sit back, relax and wait for a clear break through one of the highlighted areas before we examine a further directional move. If the pair breaks through the 74.00 zone and closes a daily candle above it, this might confirm a possible flag and the rate may accelerate further, as more buyers could be joining in.
Please see the chart for details.
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