USD/RUB Targets the Level of 62.55
Good day!
USD/RUB managed to break the level of 63.60 and hide below it. Also, on Friday the pair closed with a bearish engulfing, which is now touching the downtrend. There is a possibility that the asset’s price can drop till the level of 62.55:
In the weekly chart, the price of the Canadian currency has formed a bullish engulfing. It potentially signifies that the asset may jump next week:
In the daily chart, the price of Canadian currency might slightly drop just to jump till the level of about 1.3090:
The price of Euro started to work through the flag, therefore it might target the level of 1.1250:
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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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