USD/RUB: Possible Jump Ahead?
Good day,
Last Friday the EUR/USD pair has closed with a bearish engulfing, touching the broken uptrend and the upper line of second uptrend. It is possible that the asset might drop till the level of 1.1495:
The USD/RUB pair broke the upper boundary of range. The asset is currently heading North. The currency pair is most likely to get back to the horizontal level of 72.70, gain support and jump even further.
The price of the Swiss franc broke the level of 0.9183, it is now approaching the broken level. It might turn out to be a bearish trap therefore it would be wise to follow the candlestick signals forming next to the horizontal:
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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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