Tuesday, 11 February 2020

Bearish EUR/USD Behavior to Persist as RSI Flirts with Oversold Zone

EUR/USD bounces back from a fresh monthly low (1.0891), but the bearish price action from the start of February may persist as the RSI flirts with oversold territory.

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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...