MT4 EA Buy Euro Expert Adviser Incurred a Loss because of the Initial Reaction to the Italian Election Results

The euro bounced back from its recent low of 1.2268 after the Italian elections.

The EUR/USD headed lower on Monday morning during the Asian session because of the uncertainty from the elections in Italy.   It reversed its course after it touched 1.2268.  The current short-term uptrend is in tact.

Last Thursday, the U.S. President’s announcement of tariffs on steel and aluminum prompted the widespread selloff of the U.S. dollar against the major currencies except the yen.  The weakness of the U.S. dollar continued onto the Monday trading sessions.  On the contrary, the U.S. stock market enjoyed a very good day on Monday.

There has been 1 trade opened from my MT4 EA since the last update.  It ended up with a loss.

The strategy can be found here.

The previous week’s result can be found here.

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