Ruble is at a Crossroads: What’s Next?
The Russian ruble doesn’t seem to be targeting the 72 level just yet but simply trying to break the daily downtrend for now. If the downtrend gets broken, the USD/RUB is likely to jump. So, let’s wait and see whether a breakout is about to happen anytime soon.
After a false breakout of the 1754.00 supporting level, gold got back to the broken line. Away from this horizontal line gold has the potential to jump.
The Euro is trying to break the 1.1704 resistance level. It’s likely that asset’s price has the potential to drop soon. But pullback is possible also possible. So, it would be wise to check the candlestick formations which might eventually predict the upcoming price movements.
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