USDRUB-NEUTRAL upside bias
The USDRUB went above $ 120 and as mentioned i felt it to be a SELL between 110-120 for a move back to $ 95.
This is purely a technical view only, and is just to depict a currency pair, but noting I am not advising one should trade in it, after all, it has to do with a horrible crisis.
However, viewing the technical side, maybe helps to see the conditions that may be reduced hopefully, and one day this terrible demise in Ukraine will stop.
Going back to the drawing board. Now I am seeing the pair as neutral, and it has corrected a bit. Depending to the further developments, we may see very much higher levels for this pair in particular, as the sanctions and lack of USD possible movements may impair the economic situation, and certainly I hope that will be the case to stop this terrible event.
This is purely a technical view only, and is just to depict a currency pair, but noting I am not advising one should trade in it, after all, it has to do with a horrible crisis.
However, viewing the technical side, maybe helps to see the conditions that may be reduced hopefully, and one day this terrible demise in Ukraine will stop.
Going back to the drawing board. Now I am seeing the pair as neutral, and it has corrected a bit. Depending to the further developments, we may see very much higher levels for this pair in particular, as the sanctions and lack of USD possible movements may impair the economic situation, and certainly I hope that will be the case to stop this terrible event.
Penafian
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