Monday, November 30

USD/RUB: Potential Drop Ahead!

Good day,

The Russian ruble has dropped as it is pulling back from the 75.40 level. The asset might gain significant support at the 72.70 level.

The currency pair GBP/USD broke the 1.3200 horizontal level and is now trying to approach the 1.3515 level. So far, we feel that the asset might pull from the 1.3515 level and drop till the 1.3200 psychological, where it might get significant support.

The cross-rate of the EUR/GBP is approaching the target level of -.8860, away from which it might potentially jump.  Here we should wait for the candlestick formations and see what happens next.

Let us remind you that this material is provided for informative purposes only and cannot be considered as a direct go ahead to implement transactions in the financial markets. Trading in the financial markets is very risky.





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Credit: Tickmill

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