3 trades have been closed since the last update. The total realized loss is $666. Last week, we ended at $957 in profit minus interests and fees. After the loss this week, that brings our total net profit to $291 minus interests and fees. The strategy can be found here. The previous…
Month: July 2018
The EURUSD Took a Nosedive after the ECB Meeting
It was a bloodbath for the EURUSD bull after the ECB conference. The euro plunged to the 1.1640 level against the U.S. dollar on the dovish ECB. The EURUSD moved sharply lower from slightly above 1.17 to near 1.1640 after the ECB president, Draghi, confirmed that the interest rates will…
The EURUSD near 1.17 after the EU Avoided the Trade War with the U.S.
The EURUSD has been trading in a narrow range before the rate decision from the ECB on Thursday. The EURUSD moved higher from 1.17 yesterday after the EU agreed to the deals with the U.S. to avoid the trade wars. The uptick was again proved to be short lived. We…
Range-Bound for the EURUSD and the ECB Rate Decision on Thursday
The EURUSD has been stuck in a narrow trading range and awaiting the rate decision from the ECB on Thursday. The EURUSD drifted between 1.1654 and 1.1715. It continued to meet some selling pressure when it was near the 1.1715 level. Traders are waiting for the ECB’s decision and the…
The Trump Infused Rally Did Not Work and the EURUSD Fell
The EURUSD rally faded at around 1.1746 during the European session. The EURUSD enjoyed another Trump-triggered rally Friday after he expressed his displeasure with the Fed’s monetary policy. The EURUSD soared about 70 pips after his comment last Friday. The common currency continued to climb after the Monday open in…