Thursday, 10 June 2021

Oil Price Rally Pushes RSI Towards Overbought Territory

A move above 70 in the Relative Strength Index (RSI) is likely to be accompanied by higher crude oil prices like the behavior seen earlier this year.

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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...