The common European currency has declined significantly against the Russian Ruble after reaching its high mark at 80.00 in April. The currency pair reversed from the upper boundary of a dominant ascending channel on April 12 and has since reached the bottom border of its channel. During the last month, the exchange rate has been bouncing between the borders of a...
The bearish momentum which guided the EUR/RUB exchange rate during the first part of May changed its direction later in that month. As a result, the pair formed a new ascending channel. The latest wave down from the upper channel line was guided by the 200-period (4H) SMA. By Thursday morning, the pair had fallen below the 55-, 100– and 200-period SMAs on both...
The Euro strengthened significantly against the Russian Ruble mid-April. The pair surged unexpectedly 12.80% within four days, thus shooting past the upper boundary of a two-year channel near 78.00. This move proved to be a false breakout, as the pair returned within this channel and began easing its strong bullish momentum. As apparent on the chart, the Euro is...
Following the massive 13% surge which occurred early in April, the common European currency has been trading in an descending wedge against the Russian Ruble. It seems that this pattern might soon reach its maturity, thus resulting in a breakout and a subsequent surge in this direction. Given that the pair entered the wedge from below, the most likely scenario...
EUR/RUB - Bullish Falling Wedge .-Volume descending .-Euro-zone GDP Flash may impact quotation on May 15th, 2018. Forecast 2.5 , previous 2.7 .-Euro-zone Inflation may impact quotation on May 16th, 2018.Forecast 1.2 , previous 1.3
EUR/RUB shot up considerably two weeks ago when it appreciated 12.98% in the course of three trading sessions. As a result, the Euro made a false breakout from a senior channel valid since late 2016. The rate has since edged lower, but nevertheless failed to breach the 74.96 area on several occasions. This has left the rate in a range between this level and the...
EURRUB Buy Idea @Weekly Demand Zone (71.1393 - 70.0692) Buy Limit: 71.1280 Stop Loss: 69.8945 Take Profit: 75.3191
The common European currency has been strengthening against the Russian Ruble for the past few weeks. This movement has been bound in a medium-term ascending triangle. The upper boundary of this pattern is a 2017/2018 high of 72.00. It seems that the prevailing bullish sentiment has allayed, as the pair has failed to overcome the 71.50 mark during the last two...
The common European currency has been trading in a long-term ascending channel against the Russian Ruble. The pair bounced off the lower boundary of a dominant channel on April 19, 2017, and has since reached a new high. A strong support cluster set by the weekly pivot point with the combination of the 55– and the 200-hour SMAs was providing support near 69.70 as...
The common European currency recently revealed a large scale ascending channel pattern against the Russian Ruble. The pattern was discovered, as the currency exchange rate did a rebound against the lower trend line of the pattern. Moreover, the rebound has occurred in a small scale channel up pattern. However, the pattern has already encountered the resistance...
The common European currency is surging against the Ruble in an ascending channel pattern. Although the pair has already bounced off the upper trend line of the channel, it has not begun to form a new short term descending pattern. Instead the Euro found support in the 38.20% Fibonacci retracement level at the 67.71 level against the Ruble. As a result a surge...
Back to broken trend line so looking to get short again. ~9% interest rate for holding Ruble could be useful if this works as long term trade.
Looking forward for a reversal in Euro / Ruble pair in a short time around low 60s levels. Watching for a MA(14), as even 1 bar breakout can result a change of movement. To be continue with UPDs after mid-March expiration. Our initial target is at 80 lvl.
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NOW FIBO 0 618 REC. YOU CAN SEE BUY LEVEL...
On a long-term basis short. Because of a threatening 3. World War between Europe and Russia.