EURRUB analysis

Analysis of currency pairs based on modified Elliott waves, Fibonacci retracement, and price channels

EURRUB

The overall trend is upward. H8 and H2 level descending patterns are truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.

EURRUB rate online: monitor the price movement in real time.

Trading idea:

Buy on the formation of an ascending wave pattern, where the wave (A) breaches the inclined channel of the descending truncated H2 level pattern.

Stop Loss: 89.18.

Target levels: 90.20 (round secondary level); 91.20; 92.50.