The Buy EURUSD MT4 EA Incurred a Loss Since the Euro Was Unable to Break above 1.2480

The euro abruptly reversed the trend today after the disappointing data from Europe and the dovish comment from the ECB.

The EUR/USD was unable to reach 1.25, which was proven to be a very strong resistance level.  The euro turned south and broke down quickly.  The combination of the poor economic data and the dovish comment from the ECB yet again helped the euro decline more than 100 pips.

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

The strategy can be found here.

The previous week’s result can be found here.

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