Tuesday, 11 August 2020

USD Index Forecast: Bear Flag Pattern Emerges Amid US Stimulus Talks

The US Dollar appears poised to resume its decline from the March high, carving out a Bear Flag continuation pattern just below key chart resistance.

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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...