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Ruble and another barrier ?!


Good day!

The Russian ruble has confidently approached the resistance level of 75.00, from which it can confidently rebound as well. For now, let’s define this with our baseline scenario. In principle, it will be interesting to look at the price behavior near the horizontal here – a breakout of the level should not be ruled out either:

The EUR / USD pair continues its downward movement. The first serious support can be the horizontal level 1.1704, which can reverse the movement of quotes in the opposite direction. With this we will draw up our basic scenario for the euro:

Ruble and another barrier ?!

The old gentleman has drawn a bullish engulfing at the support level of 1.3750 and is now testing the horizontal again, trying to close the day with a dodge. In principle, today the baseline scenario is an increase in quotations:

Ruble and another barrier ?!

Oleg Svirgun,
analyst at Tickmill brokerage company
07/08/2021

Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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