The euro’s on a relentless decline toward 1.22.
The euro found support at around 1.2313 yesterday, but the recovery toward 1.24 was proved to be an opportunity to close the existing long positions, or to open new short positions. Currently, it’s trading at the day low near 1.2250.
The U.S. dollar’s support came from the rumors in the market that there might be 4 rate hikes in 2018 and the soaring treasury yields. The U.S. 10-year Treasury yield is at 2.83%.
The strategy can be found here.
The latest result can be found here.