At the beginning of October, the EUR/RUB currency pair reversed south from the psychological level at 93.30.
From the one hand, it is likely that the exchange rate could trade downwards in the medium term. In this the rate could target the monthly S1 located at the 88.00 mark.
From the other hand, it is likely that the currency pair could gain support from the 100-period SMA and the monthly PP at 90.66. Thus, the pair could try to surpass the monthly R1 at 93.70.
