EUR/USD - 10 for FridayOANDA:EURUSD
Another 10 pips on the same bearish move that started early on Asian.
News flushed it down to my TP on same bar, gotta love this when it happens.
Ru
USDRUB to retrace in 75.50-77.20 areaI see Brent Crude lower (see related) therefore I think the USDRUB will move higher making a retracement.
How deep it will be is a guess depicted with the blue box between 75.50 and 77.20 so far.
USDRUB to retest the top of Y2016 at 85.90Previous ideas reached the targets (see related).
But this pair didn't fully emerge therefore I expect it to retest the former top of Y2016 at 85.90.
It will be wave 5.
Wave 4 is unfolding now and it could be flat/zigzag or a triangle as in the larger degree preceding correction.
USDRUB to hit 80 after correctionThis pair hit the target set in my earlier post (see related).
But it looks like it is not yet done.
There is an ABC flat correction building on the chart and wave C down is pending.
After that the move up could emerge to hit 80 - at that level the large second leg would hit 1.272 of the first leg up
and 0.618 of the move preceding the current flat correction.
USDRUB eyes 76 after expected reversalI expect the reversal soon as strong bullish divergence has been accumualted on MACD
and the price almost reached the trendline support, which was awaited earlier (see related chart).
The wave Y (yellow) could rocket to the RUB 76 area where Y=W.
It will be a huge devaluation.
