Tough Week for RR

٢٧ يناير ٢٠٢١

Currently RR is in the bearish zone and most probably will consolidate at this level for few days and will try to test the resistance at 100 .Every fundamental news easy raise again the price to previous level of 105 - 120. On 1 hour, 2 hours chart we can see that the EMA 50 crosses EMA 200 few day ago, but on 4 hours this will appear on Wednesday or Thursday and this could push again the price lower to 88-92 range. This is not advice.