FxWirePro: Russian rouble erases previous gain against US dollar, intraday bias remains bullish

• USD/RUB is currently trading around 68.80 levels.
   
• It made intraday high at 68.91 and low at 67.28 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 66.73 levels.
   
• Alternatively, reversal from key resistance 69.57 area will drag the parity down towards key support at 66.50/65.60 marks.
   
• A sustained close above key resistance will take the parity up towards 71.08 marks.
   
• Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend.

We prefer to take short position in USD/RUB around 69.00, stop loss 69.57 and take profit at 66.73 levels.