EURRUB - 240 - Short-term uptrend is broken.

FX_IDC:EURRUB   Euro / Russian Ruble
Trade Alert

EURRUB has broken its short-term upside support line, taken from the low of the 6th of August. This way creating concerns over the possibility of going higher in the short-run. Also, we can see that the pair is currently resting slightly above the 78.95 support zone , marked by the low of last week. A break below the 78.95 could open the path towards the next potential area of support at 78.11, which also coincides with the 200 EMA . This is where the rate could stall for awhile, until the bulls and the bears figure it out who takes the driver's seat from there.

For us to consider the upside scenario, we would need to see a break and a close above the 80.29 barrier, which could open the path towards higher levels, last seen on the first days of September.

Don't forget your SL.
Comment: Mission accomplished.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out