The euro soared today while the USD remained under pressure from the U.S. – China trade war tension and the much more reserved economic outlook comment from the Fed chair, Powell.
The EUR/USD soared 100+ pips as fears and concerns about a trade war and a possible U.S. – Russia political woe over the 60 Russian officers expelled as well as the shut-down of the Seattle consulate because of the attack on former spy in Britain. The euro began to strengthen against the U.S. dollar last Thursday afternoon after it reached the low of 1.2284. Currently, it is trading above the recent high of 1.2445. It’s highly possible to challenge the multi-year high of 1.2554.
There has been 1 trade from my MT4 EA since the last update. That trade is currently open.
The strategy can be found here.
The previous week’s result can be found here.