The Russian rubble is consolidating. The US dollar and the euro are likely to move up against the ruble in the near future that is after the nationwide vote that will be held on July 1st. Until that moment, the Central Bank of Russia will restrain the national currency. It means that it is a good time to open deals against the ruble.
Let's take a look at the number of new virus cases in Russia on June 18th. There is a drop below 8 thousand a day. Today, 7,800 people were tested positively. At the same time, in Moscow, the number of new cases declined to one thousand people from 6 thousand in May. In Saint Petersburg, case tally for the coronavirus disease is below 250 a day. Thus, the city took the fifth place among the cities with the biggest number of virus cases. However, the situation in most regions is alarming. It is very dangerous to organize mass voting
Market participants are waiting for the statistical data that is due for release later today.
Outlook for EUR/USD:
Buy deals could be performed from the level of 1.1300.
Sell positions could be opened from the level of 1.1205.
