Ruble Forecast: Potential Correction and Reversal Ahead?
Good day,
The Russian ruble is approaching the level of 70.50 from which it might reverse and correct, targeting the broken supporting level of 71.50. In principle, it would be wise to check the price movements next to the level of 70.50 as the asset might also break this level and drop.
Heading down for several weeks in a row, the EUR/USD pair is finally on the rise. Away from the downtrend nearby this asset might drop. So, it is worth waiting and seeing whether it’s about to happen.
The price of Brent oil has approached the level of 86.70, where the asset should face a very strong resistance from which it might correct and drop. It will be important to check the price movements around this level to understand what is going to happen next.
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