USDRUB - 240 - More upside?
Updated
Trade idea.
The current price structure is of higher lows and higher highs. The pair is trading above a short-term upside support line and also above its 200 EMA on the 4-hour chart. Even if we see a small slide to the downside, as long as the rate remains above that upside line and the 200 EMA, we will stay positive over the short-term outlook.
Please see the chart for levels and targets.
Don't forget your stop-loss.
The current price structure is of higher lows and higher highs. The pair is trading above a short-term upside support line and also above its 200 EMA on the 4-hour chart. Even if we see a small slide to the downside, as long as the rate remains above that upside line and the 200 EMA, we will stay positive over the short-term outlook.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Note
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Note
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on YouTube.Trader’s Espresso – 07:00 GMT
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