Russian Ruble: pause before a rally
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Russian Ruble
EURRUB: wave (c) of the circled b seems to be a reasonable scenario unless the rally stops below the ideal target zone at 85.02 and initiate next step down.
Basically, until we see strong break through 85.02 resistance area I can not consider the pair bottomed.
Please mind a bigger picture - all these minor twists are supposed to set up a really strong rally.
USDRUB: similar analysis applies here - micro rally is most likely a part of correction (or minor correction on the way lower off the high in the red circled b).
Until we have 80.35 resistance region taken out lower targets are ahead.
Two counts of a larger degree still suppose much higher targets - so I would not be aggressive on a short side (though small short hedge on longs makes sense, imHo).
