Monday, 8 March 2021

EUR/USD Rate on Cusp of Testing 200-Day SMA Ahead of ECB Rate Decision

EUR/USD is on the cusp of test the 200-Day SMA (1.1813) for the first time since May 2020 as the exchange rate fails to defend the January low (1.1952).

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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...