MT4 EA Buy Euro Expert Adviser Muted While the Euro Drifted Higher after Last Week’s ECB Meeting and Strong U.S. Job Report

The euro managed to climb above 1.2300 in quiet trading.

The EUR/USD slipped to near last week’s low of 1.2286 as the ECB member, Smets, said the inflation target would take longer to reach during the European trading session today, which in turns meant the ECB might not raise the interest rates any time soon.

The euro initially gained ground against the U.S. dollar last Thursday after the ECB’s hawkish stance on the euro zone economy and it reached as high as 1.2445.  However, the euro was sold off after the ECB chairman downplayed the hawkish statement during the conference.  The euro quickly fell nearly 150 pips to 1.2300.

The U.S. job report on Friday was strong; however, the euro managed to float around the 1.2300 level.

The MT4 EA suffered 4 losses last week.  3 of them were incurred after the ECB rate decision.

The strategy can be found here.

The previous week’s result can be found here.

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