Ruble is Volatile, EUR/USD Set to Drop
Good day,
The Russian ruble has reached the level of 77. Currently, this asset is about to target the level of 78, which is located right next to the downtrend from the weekly chart. Therefore, the price of currency pair might reverse and drop. The asset’s price is likely to pull from the resistance at the level of 78.00, and head south.
The EUR/USD pair has formed a triangle with the upper side at the level of 1.1380. The price of this currency pair is about to approach this level and drop anytime soon. You can also spot the pennant formation on the Euro’s weekly timeframe.
Oil got back to the range formed between the levels 77.82 and 86.70. Since oil is currently in the middle of this range, it is likely to pull from the upper or right boundary of this range depending on which level oil prices are about to hit first.
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