EURO / RUSSIAN RUBLE

EURRUB
 
     
 
     
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EURRUB Forex Chart

 

EURRUB

EUR RUB (Euro / Russian Ruble)

The Euro vs. the Ruble. This is a pair representing two contradicting economies in Europe. The Euro, which is the second most traded currency in the world, is considered to be very stable and safe. The Ruble, which is the world’s first decimal currency, is considered to be more volatile due to its dependence and sensitivity to crude oil prices.

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DariusAnucauskas DariusAnucauskas EURRUB, D,
EURRUB: EURRUB - Daily - Observe.
7 0 3
EURRUB, D
EURRUB - Daily - Observe.

So, in my previous post I've mentioned the target in the circled area, which we reached. Good profits. You can check out my previous analysis on this below in the related ideas section. Now the next step is, will it continue climbing up the channel or will it break it and give us some new levels on the downside? At the moment it is difficult to say as it is ...

DariusAnucauskas DariusAnucauskas EURRUB, D, Short ,
EURRUB: EURRUB - Daily - I really like this chart.
18 2 1
EURRUB, D Short
EURRUB - Daily - I really like this chart.

For those who are interested in something more exotic, then this is pretty looking chart. I have done some analysis on it previously, where I identified the channel, but thought that it will break it and continue the downfall. Still ended up in profit, by shifting my stops. In this situation, I think that there is a good chance for this pair to retrace at least ...

DariusAnucauskas DariusAnucauskas EURRUB, D, Short ,
EURRUB: EURRUB - Daily - One of my favorites
15 0 1
EURRUB, D Short
EURRUB - Daily - One of my favorites

So this pair is one of my favorites to watch and trade sometimes. I believe that the Rubble will get stronger in the short-run. At the moment, it seems like it's stuck in this upward channel. Will it break it at the bottom or will it continue rising? We will just have to wait and see. In the mean time, I think we will test the bottom trend. This could be a good ...

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