The Euro Remains Quiet and Moves in a Narrow Range

The euro is drifting between 1.2213 and 1.2260.

The US government shutdown remained in effect, but the Senate had agreed to vote on a funding bill later today.  The bill will keep the government running until February 8th.  The U.S. dollar was seen gaining strength against the euro after the news, but it was short lived and the gain was not significant.  The stock market, however, continued its climb into the record territory and was unaffected by the government shutdown fiasco at all.

The U.S. dollar seemed unable to gain any ground against its major counterparts.  Meanwhile, the euro buyers remained hesitant ahead of the ECB’s meeting this Thursday because the ECB policy makers have been talking down the euro.  Last week, the verbal intervention sent the euro reeling from 1.2250 to 1.2160.

A buy order from my MT4 EA was opened last night during the Asian open, but ended with a loss.

The strategy can be found here.

The latest result can be found here.

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