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May 21, 2017 1:26 PM

USDRUB Consolidation pattern 

U.S. Dollar / Russian RubleFOREX.com

Description

USDRUB is in a consolidation pattern looking to break out. The consolidation is getting tighter and tighter. Look to go LONG or SHORT once a direction is found. If it breaks below, I will go short and hold for a long time because there is very little support beneath 48. (My bias remains on the downside but only time will tell.)
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