Wednesday, 27 November 2019

EUR/USD Re-Tests Confluent Support as USD Grinds at Resistance

Both the US Dollar and EUR/USD are testing big areas on the chart, and mean reversion would be a typical approach going into a holiday. But this isn't typical.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...