- Analytics
- News and Tools
- Market News
- EUR/RUB set to bounce towards the 83.65 mark – SocGen
EUR/RUB set to bounce towards the 83.65 mark – SocGen
EUR/RUB is dashing towards 82.0 after a 1.5% drop in the last two sessions. Economists at Société Générale expect the pair to see a rebound towards the 83.65 level, which is set to cap the upside.
Support 80.60 and resistance 83.65
“EUR/RUB is now in proximity to the lower limit of a multi month channel near 81.90. An initial rebound can’t be ruled out, however last week's peak of 83.65 is likely to contain.”
“Failure to cross above the 83.65 mark can result in continuation of the down move towards next projections at 80.60. This could be an important support near-term.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
