Russian Ruble Dives Under 73, But Could Recover!

Good day,
Russian ruble entered the supporting zone formed between the levels 72.30 and 73.00. In this zone, the asset’s price could jump. However, it could also drop till the level of 72.50. So, let’s wait and see what may happen to the Russian ruble next.

Oil managed to break the key level of 71.30, securing its current position with two candles only. Yet, it is wise to check how oil is about to move tomorrow as it might form a bullish trap shaped with a long black candle.

Last Friday the currency pair EUR/USD has closed with a white candle, forming a small flag. The asset might potentially retest the level of 1.2250 and drop. Of course, the asset might also break this level and jump, but it is more likely to retest the level of 1.2000.

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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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