Medium term outlook on the Ruble Crosses versus Yen, Euro, US Dollar and Yuan.
The current pull back has room to about 71.58 (old breakout level) without altering the bullish outlook on the medium to longer term. The main target at 78.88 has already been hit however, and new projections are not (yet) reliable enough to work with. This makes the market somewhat hard to effectively trade.
Do not allow for a move back below ~72.
- Primary trend: positive
- Outlook: positive
- Strategy: buy dips / hold longs
- Support: 72.00 / 71.73 / 69.44
- Resistance: 78.88* / ?
Daily chart EUR/RUB