Analysis for 2020-06-03
OKEx Utility (OKB) OKB Exchange Index Forecast and Analysis May 17, 2024 implies an attempt to test the support area near the level of 26755. Then, the continuation of falling to the area below the level of 24365. In favor of reducing the currency pair, a test of a downward trend line on the relative strength index (RSI) will come out. Cancellation of the fall option will be a strong growth and the breakdown of the area of 27005. This will indicate a continuation of the rise with a potential target above the level of 28300. Currency pair Euro/Dollar EUR/USD continues to move as part of the decline and the beginning of the development of the «Triangle» model.