Monday, 1 February 2021

EUR/USD Bounces Ahead of January Low Again But RSI Divergence Persists

EUR/USD bounces back ahead of the January low (1.2054), but the exchange rate may face a larger pullback as the RSI still tracks the downward trend from December.

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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...