Thursday, 9 January 2020

Euro Price Outlook: EUR/USD Reversal Approaches Technical Support

Euro plummeted nearly 1.3% off the late-December highs with price now targeting weekly uptrend support. Here are the levels that matter on the EUR/USD weekly chart.

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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...