The EURUSD Was Unable to Stay above 1.18 amid the Political Uncertainties in Italy

The euro broke above 1.1820 today, but soon fell below 1.18 again after the brief bullish momentum ran out of steam.

The euro’s short term support was found at 1.1720 yesterday.  It continued to strengthen against the U.S. dollar earlier today during the Asian and European sessions before it dived below the 1.18 handle.

There has been 1 trade from my MT4 EA since the last update.  It was a loss.

The strategy can be found here.

The previous week’s result can be found here.

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