The Euro Was Up Slightly after the Strong Dollar Comment

“The dollar will get stronger,” comment did not help the U.S. dollar very much after all.

The euro recovered much of its losses after the strong dollar talk and reclaimed the 1.25 handle before settling at around 1.2420.

The ECB President Draghi’s press conference yesterday delivered a nice gift to the euro bulls.  His message to the market was that the future monetary policy would be focused on the inflation and not on the exchange rates.  The message sent the EUR/USD above 1.25.  The message is somewhat in contradiction to the other ECB policy makers’ point of view.  They have expressed their concerns over the recent euro strength against the U.S. dollar.

There has not been any trading activity from my MT4 EA since yesterday’s update.

The strategy can be found here.

The latest result can be found here.

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