The EUR/USD rose to 1.2360 after the Future Rate Hikes Comment

The euro moved sharply higher on Tuesday and reached 1.2360.

The EUR/USD rose to near 1.2360 after the ECB member, Nowotny, told Reuters that the QE would end this year.  The ECB will start the process of rate hikes.  The traders liked the comment and pushed the euro higher.

Yesterday, the euro also gained ground against the U.S. dollar on the news that the ECB President was confident the inflation would rise to the target level.

There have been two trades from my MT4 EA since the last update.  One was a profitable trade, and the other was a loss.

The strategy can be found here.

The previous week’s result can be found here.

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