The EURUSD Moved Lower Toward the Previous Low of 1.2054

The euro moved lower again on Monday and approached the previous low of 1.2054. The EUR/USD is trading near 1.2075.  The euro’s decline today was driven by the weak inflation numbers from Germany, however, today’s decline was limited and gradual.  The common currency is 20 pips above the previous low.  Whether the 1.2054 level can… Continue reading The EURUSD Moved Lower Toward the Previous Low of 1.2054

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New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 39

2 trades have been closed since the last update.  Both were losses. The total realized loss is $444. Last week, we ended at $1188 in profit minus interests and fees.  After the loss this week, that brings our total net profit to $744 minus interests and fees. The strategy can be found here. The previous week’s… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 39

The EURUSD Is Near 1.2100 after the Dovish ECB Rate Decision and Possible Improving Trade Relationship between the U.S. and China

The euro moved lower again on Thursday and had broken below the previous low of 1.2155. The EUR/USD is trading near 1.2100.  The euro’s decline today was driven by the ECB rate decision.  Although there is no change in rates and the economy outlook, and the ECB keeps the bond buying until September, it gives… Continue reading The EURUSD Is Near 1.2100 after the Dovish ECB Rate Decision and Possible Improving Trade Relationship between the U.S. and China

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The EURUSD Is Still Pressured by the Rising U.S. Bond Yields

The euro moved lower again on Wednesday and had broken below the previous low of 1.2180. The EUR/USD is trading near 1.2170.  The euro’s decline continued to be driven by the soaring U.S. bond yields.  The latest economical data solidified the Fed’s confidence in the U.S. economy and the inflation target, which made the Fed… Continue reading The EURUSD Is Still Pressured by the Rising U.S. Bond Yields

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The EURUSD Fell below 1.22 amid the Higher U.S. Bond Yield Pressure

The euro moved sharply lower on Monday and its weakness continued onto Tuesday. The EUR/USD is trading near 1.22.  The rising of the U.S. bond yields are helping the U.S. dollar gain strength against all major counterparts.  The Fed is confident in the U.S. economy and the inflation target.  The possibility of 4 rate hikes… Continue reading The EURUSD Fell below 1.22 amid the Higher U.S. Bond Yield Pressure

New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 38

1 trade has been closed since the last update.  It was a loss. The total realized loss is $222. Last week, we ended at $1410 in profit minus interests and fees.  After the loss this week, that brings our total net profit to $1188 minus interests and fees. The strategy can be found here. The previous week’s… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 38

The EURUSD Traded Lower Because of the Rising U.S. Bond Yields

The euro moved sharply lower on Thursday after the rejection at the 1.2400 level . It also appears the short term uptrend on the hourly chart has ended.  The U.S. bond yields are sharply higher today and flirting with the 2018 highs.  The U.S. dollar is benefiting from the strong rising yields, which has sent… Continue reading The EURUSD Traded Lower Because of the Rising U.S. Bond Yields

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The EURUSD Was Rejected at 1.2413

The euro moved sharply lower on Tuesday after reaching 1.2413. There was 1 trade from my MT4 EA since the last update. The strategy can be found here. The previous week’s result can be found here.

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New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 37

2 trades have been closed since the last update.  One of them was profitable, and the other was a loss. The total realized profit is $331. Last week, we ended at $1079  in profit minus interests and fees.  After the profit this week, that brings our total net profit to $1410 minus interests and fees.… Continue reading New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 37