Russian Ruble Is Targeting the Level of 70.50: What’s Next?

Good day,
The USD/RUB pair broke the downtrend and walk along the broken line. We feel that now the Russian ruble might either pull from the level of 70.50 down or break it out and jump. At that, the level of 70.50 is likely to become the broken neckline of double bottom. So far, it is more likely that the asset will pull from this level and head South:
Gold has touched the level of 1765.00 without breaking it. This asset might even drop anytime soon. Now it is good time to check how daily candles are going to close.
In the daily chat, the EUR/USD pair is probably about to form a bullish flag and break it through. It is clearly visible in the 4-hour chart. So far, it seems that the asset might head up to target the resistance at the level of 1.1422:
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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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