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The Euro Moved Higher and Retested the 1.2060 Level Last Night
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By rosered44
The euro pressed higher last night and the buy order take profit target was hit.
The euro moved sharply lower on Tuesday after reaching 1.2413. There was 1 trade from my MT4 EA since the last update. The strategy can be found here. The previous week’s result can be found here.
The euro’s decline was exacerbated after the 1.2313 level of support was violated. The euro found some support at 1.2250 but eventually, succumbed to the selling pressure. The next level of support was found near 1.2211. The rebound from 1.2211 triggered an action from my MT4 EA. A long position…
What’s happened? The disappointing numbers came out, and euro briefly shot up to 1.1980 before it lost all its gain and then some. The shocking turn around appears to be affected by the ECB. It indicated that it wanted extreme prudence on policy and communication. The ECB won’t be…