Wednesday, 6 January 2021

EUR/USD Rate Approaches April 2018 High Despite RSI Divergence

EUR/USD clears the range bound price action from earlier this week even though the RSI diverges with price, with Euro Dollar approaching the April 2018 high (1.2414).

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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...