The EURUSD Stopped Falling for Now but Can 1.1510 / 40 Hold?

The EURUSD managed to rebound from 1.1542.  It is trading slightly above 1.16.

The EURUSD found some support near the 1.1540 level.  The 1.1510 – 40 range could provide some immediate support. If this area of support does not hold, the euro could test the next support area of 1.1445.

After the ECB meeting yesterday, the ECB decided to maintain the current rates through the summer of 2019.   The Euro was sold off relentlessly following the ECB pledge to keep interest rates ultra-low.

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.

Leave a comment

Your email address will not be published. Required fields are marked *