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 hold, it is yet to be seen.

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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