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 this year has increased, and thus, pushed the bond yields higher across the board.

There has been no 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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