Russian Ruble Update

Medium term outlook on the Ruble Crosses versus Yen, Euro, US Dollar and Yuan. 


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EUR/RUB

The moderate uptrend remains intact as long as the zone 72.62 <> 71.92 is unbroken. Keep in mind that the main target at 78.88 has already been hit and new projections are not (yet) reliable enough to work with. This makes the market somewhat hard to effectively trade.

  • Primary trend: mildly positive
  • Outlook: mildly positive
  • Strategy: hold longs
  • Support: 72.62 / 71.92 / 71.73 / 69.44
  • Resistance: 78.88* / 88.50+

Weekly chart Euro / Russian Ruble (EUR/RUB)

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