USD/RUB and EUR/USD: Clear Future Ahead?

<p>Good day!</p>
<p>The price of the EUR/USD has dropped all the way from the 1.1000 level, gaining the support at 1.0778. At that, the asset’s price has been already gaining support at the 1.0778 level as it has done quite a few times, thus giving a possible indication that the currency pair is likely to target the 1.1000 level. Large operators appear to be waiting to benefit from that:</p>
<p><img class="alignnone size-large wp-image-43043" src="http://blog.tickmill.com/wp-content/uploads/2020/05/1-5-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/1-5-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-5-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-5-768×356.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/1-5.png 1156w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>A fine descending triangle has formed in the daily chart of the USD/RUB. The triangle tends to either reverse or continue the current trend. The asset might break the upper side of this triangle and target the level of 82.00:</p>
<p><img class="alignnone size-large wp-image-43048" src="http://blog.tickmill.com/wp-content/uploads/2020/05/2-4-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/2-4-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-4-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-4-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/2-4.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>The price of the British currency might pull from the 1.2247 level and approach 1.2600 on Friday, a key resistance level. Moreover, it would be wise to keep an eye on the asset’s price and candlestick formations:</p>
<p><img class="alignnone size-large wp-image-43044" src="http://blog.tickmill.com/wp-content/uploads/2020/05/3-2-1024×475.png" alt="" width="1024" height="475" srcset="https://blog.tickmill.com/wp-content/uploads/2020/05/3-2-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-2-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-2-768×357.png 768w, https://blog.tickmill.com/wp-content/uploads/2020/05/3-2.png 1094w" sizes="(max-width: 1024px) 100vw, 1024px" /></p>
<p>Let us remind you that this material is provided for informative purposes only and cannot be considered as a direct go ahead to implement transactions in the financial markets. Trading in the financial markets is very risky.</p>
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