The EUR/RUB pair has been swiftly heading higher these past few days but is expected to be capped by 93.33/94.11, as Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, notes. EUR/RUB is seen rising back towards the November high at 94.11 “We continue to believe that the next higher September and October highs at 93.33/94.11 will cap any further attempt at an upside. Were we proved to be incorrect, however, we would have to allow for the minor psychological 95.00 mark to be reached.” “Immediate support can be found between the late February and March highs as well as at the April 8 low at 91.16/10. Further potential support comes in along the 55-day moving average and the two-month support line at 89.74/55 as well as along the 200-day moving average at 89.13. Then there are the January and February lows at 88.75/64, the December trough at 88.32 and the late March low at 88.22 followed by the March low at 86.51.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Reopening rally? Bulls still have three hurdles to overcome Yohay Elam 2 years The EUR/RUB pair has been swiftly heading higher these past few days but is expected to be capped by 93.33/94.11, as Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, notes. EUR/RUB is seen rising back towards the November high at 94.11 "We continue to believe that the next higher September and October highs at 93.33/94.11 will cap any further attempt at an upside. Were we proved to be incorrect, however, we would have to allow for the minor psychological 95.00 mark to be reached." "Immediate support can be found between the late February and March highs as well… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
