Ruble Forecast: Potential Reversal Ahead?
Good day,
The USD/RUB broke the level of 70.50. The pair is likely to target the level of 71.50, which might brake to facilitate the potential jump. So, it could be worth waiting for the price movements to arise around the level of 71.50 to understand what is going to happen next.
Oil broke the uptrend. The asset might potentially pull back to the level of 86.70 from which it might undergo correction and drop. So, we shall observe what oil is about to do next week.
Oil managed to get back in the broken downtrend, securing the bullish trap and closing with a very strong black candle on Friday to signify potential drop till the level of 1720.00.
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