Wednesday, 3 February 2021

EUR/USD Outlook: Break of January Range Keeps Bearish RSI Trend Intact

EUR/USD may face a further decline as it out the January low (1.2054), while the Relative Strength Index (RSI) still tracks the downward trend carried over 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...