Monday, 8 February 2021

EUR/USD Rate Trades in Descending Channel, RSI Retains Bearish Trend

EUR/USD appears to be trading within a descending channel after snapping the January range, with the RSI still tracking 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...