The Euro Recovered from the Recent Low 1.2160

The consolidation continued between 1.22 and 1.23.

Yesterday, the euro recovered most of the recent losses from 1.2160 after the verbal intervention by the ECB policy makers over its recent strength.  The ECB’s comment sent the euro reeling from 1.2250 to 1.2160.  Another risk for the euro comes from the German politics. With no immediate solution to how Germany is going to form its government, any news headlines can sway the euro in either direction easily.

There has not been any activity from my MT4 EA since the last update.

The strategy can be found here.

The latest result can be found here.

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