Tuesday, 26 January 2021

US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC

The US Dollar Index (DXY) is at risk of extending its recent slide lower as prices carve out a bearish Head and Shoulders pattern ahead of the FOMC interest rate decision.

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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...