Trade idea
After a strong reversal to the upside from the 70.844 level, the pair has slowed its acceleration slightly.
We are waiting for the rate to break one of the highlighted areas, in order to consider a further directional move.
Please see the chart for details.
Don't forget your stop-loss.
The pair has been trading inside a very clear 1W Channel Down (RSI = 42.482, MACD = -0.781, Highs/Lows = -0.2727) since the start of 2019. Clear Lower Highs (for sell entries) and Lower Lows (for exits). Such is the most recent rejection at 73.3540. We are short targeting 71.700 which is the 1M Support (Resistance until April 2018, Support since and until this...
Trade Alert
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...
Looking at the overall picture on EURRUB, the pair had a good run in December, where the Russian Ruble devalued against the common currency. 2019 has started with the Ruble trying to recover some of its losses agains the Euro.
It like the pair might continue traveling further down, but only if it breaks below the 77.330 support area. This way, we can start...
The previous forecast worked, and the EUR/RUB currency pair has reached the lower boundary of a long-term ascending channel located circa 74.70.
As apparent on the chart, the exchange rate is trading near given channel line. From a theoretical point of view, a reversal north should occur in the nearest future. An important resistance level to look out for is the...
The common European currency has declined significantly against the Russian Ruble after the pair reversed from the upper boundary of a long-term ascending channel at 81.77.
Currently, the exchange rate is re-testing the support level formed by the weekly S1 at the 75.17 mark. Given that the 55– and 100-hour SMAs are located above the price, a breakout through...
EURRUB is trading on a very long term 1M Channel Up (RSI = 58.841, MACD = 1.999, Highs/Lows = 1.2013, B/BP = 6.7532), which is near pricing a Higher Low (est. 74.855). Buying here is a good long term investment with three targets, 80.645, 81.965 and 82.930.
