EURRUB trade ideas
EUR/RUB losing bullish momentum. Retracement or Reversal?Break of neckline maybe generating strong sell signal.
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Is Ruble's rally about to end?Despite a prolonged period of strengthening of the Russian currency versus the one of European Union, the decline shows signs of deceleration and possible reversal in tune with a larger uptrend towards psychological level of 100 and beyond. The latter is unlikely however, since it looks like the major uptrend itself is getting tired already. If everything goes as planned, we may have the single currency cost around 100 rub. by June 2016.
Does it mean we need to start buying Euros now? Well, not quite yet. We may see Euro's price fall to and consolidate around 75.5 - 77 rub. for a while before finally bouncing up. I'll keep you informed.
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Vladimir Vereshchak | Making People Wealthier!
EURRUB: Pair tradeI will be buying the Ruble with Euros since I think we have tremendous downside potential as well as excellent yields as a carry trade.
The setup is to determine size on each leg of the pair using 1 month ATR, or 3 times the daily ATR value, and then proceed to short the EURUSD and short the USDRUB pairs to profit from this juncture.
You could look for a technical setup, but in this case, it's a bit tricky to find a stop loss location for it, so I prefer to deal with no stops, and no leverage, and just trade it as a pair.
Good luck if taking this trade.
Cheers,
Ivan Labrie.
Short EURUSD/Long USDRUB, volatility adjusted, downside potential: 34.48, upside risk: 93.69
Is the Rubble going to rebound with the Crude ?Last week, we saw a huge short squeeze in oil and it seems that there could bee a opportunity for Crude's bulls.
The RUB lost a big part of its value due to the Global fall in commodity prices.
However if we believe RUB and Crude touched the bottom, then we could try a short USDRUB, or if you think EUR is going to be smashed by Yellen on September (or October, or December... #fedratehike), then Short EURRUB.
