Can the Euro Rise above 1.17?

The euro continued to move higher on Friday and thanks to the boost from the European Commission’s optimistic economic growth forecast.

The euro moved above the $1.1600 level from the recent low of 1.1554.  The European Commission’s bullish economic forecast lifted the euro by about 50 pips thus far. 

The 2nd trade of the week was opened yesterday in my MT4 EA.  Unfortunately, the upward momentum was not very strong, so the position remains open.  Currently, it is up about 20 pips.

The strategy can be found here.

The latest result can be found here.

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