The euro seemed to be building the short-term bottom between 1.1554 and 1.1660. Should the euro be able to break above the $1.1660 level, the main resistance from the current level would be 1.1690, and followed by another resistance at 1.1750. The 2nd trade of the week was opened last…
Month: November 2017
A Wild Weekend for Bitcoin
Bitcoin was sold off over the weekend and dropped low $6,000. After the cryptocurrency hit the low of $5,511 on Sunday, it has risen more than $1,000 to $6,554 since then. The sell-off on the weekend appeared to be related to the cancellation of the planned upgrade to the bitcoin…
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 15
2 trades have been triggered since the last update. 1 loss and 1 trade remains open. The total realized loss is $223. Last week, we ended at $2249 in profit minus interests and fees. After the loss this week, that brings our total net profit to $2026 minus interests and…
Can the Euro Rise above 1.17?
The euro continued to move higher on Friday and thanks to the boost from the European Commission’s optimistic economic growth forecast. The euro moved above the $1.1600 level from the recent low of 1.1554. The European Commission’s bullish economic forecast lifted the euro by about 50 pips thus far. The…
The Euro Got a Boost from the European Commission’s Economic Forecast
The euro moved a bit higher on Thursday. It is back above 1.16 amid the bullish economic growth forecast. The euro moved above the $1.1600 level with the boost from the European Commission’s bullish economic forecast. The Eurozone economy is expected to grow faster. The reasons for the faster growth…