The Fed Sent the EURUSD to the Highest Point since August 3rd

The EURUSD reached 1.1650 and then lost its steam.

The EUR/USD got a boost from the Fed Chair, Jerome Powell, last Friday.  He said the U.S. economy was not overheating and the inflation was not accelerating.  He still expects the gradual rate hikes though. A September rate increase is certain and December is also possible.

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.

See also  The EURUSD Fell below 1.16 amid the Dovish ECB Comments


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