Ruble Is Going Down: What’s Next?
The Russian ruble broke the key support at the level of 71.50 and dropped, targeting the support at the level of 70.50. So far, the currency pair seems to be entering the range between the levels of 71.50 and 70.50 away from which might pull back.
After reaching new weekly heights, oil is preparing to face a very strong resistance at the level of 86.70 away from which might correct. Price movements around this level and possible formations of bullish traps will predict the future for this asset.
The EUR/USD pair is likely to drop soon, considering the level of 1.1615 and dojis, which are forming right below this level.
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