USD/RUB: Drop Ahead?
Good day!Last week the USDRUB jumped and closely approached the 65.55 resistance level, away from which it could potentially pull and drop.
Based on the report by COT CFTC, large operators keep holding and expanding the long positions on Russian ruble, going against a possible price drop. The next report might differ from the current one and reflect the sentiments of market participants after actual introduction of sanctions:
American stock index S&P500 marked the closure of the trading week with an engulfing pattern, pulling back from the resistance and closing under two important levels – the 3000 psychological level and 2958.79 which is the last broken historical maximum. Due to this, the index could potentially drop:
Last week the single currency closed above the 1.1102 level. It might signify a potential jump of this asset. Although it could also drop, therefore we should also consider Monday’s candlestick combinations:
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