USD/RUB Forecast: Potential Drop Ahead


Good day,USD/RUB has dropped and approached the uptrend. However, the asset is likely to drop even further, all the way till the supporting level of 73.35 or potentially rise till the level of 78.00, as well. So, it is worth observing what is going to happen next.The Euro broke the resistance at the level of 1.1380. The asset is about to head North. The European currency might jump and break the downtrend. After that, it should pull back to the broken trendlines and jump again. So, the Euro might undergo a nice correction soon.Euro might also choose another option and test the downtrend and upper boundary of inverted triangle. This would be a beautiful continuation of the downtrend. So, Euro’s future seems to be very interesting.Brent oil is quickly approaching a very strong resistance at the level of 86.70 away from which it might pull and drop till the level of 77.82.

Source: Tickmill

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