Wednesday, 11 November 2020

US Dollar Clings to Long-Term Trendline, Confluent Support Lurks Below

USD weakness has run through the Presidential Election, but a major area of long-term support has come into play. Can it arrest the declines in the US Dollar?

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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...