Brent Oil Drops, Russian Ruble Expected to Climb
Good day,
The price of the EUR/USD is trying to pull back to the broken, but very strong and important psychological level of 1.2000. Hence, this asset could jump right next to this very broken level.
The USD/RUB pair is in the range formed between the levels 72.70 and 76.00. In principle, we feel that this asset might pull back from the boundaries of this range just to stay in. Yet, it would be wise to check the price movements next to the flat boundaries as the asset might break the upper part of the range at the level of 76.00.
Brent oil is approaching the weekly downtrend away from which it might drop. So, the deep correction is quite likely to happen.
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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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