Can We Say Stuck?

The euro looks officially stuck right around 1.1880.

The holidays are right around the corner.  The trading is thin.  The U.S. tax vote was settled.  Maybe this is it for the euro until everybody returns from the holidays.

The EUR/USD retreated from yesterday’s high of 1.1901 to around 1.1850.  It later tried to test 1.19 again, but didn’t even get that far.  It’s currently stalled at around 1.1880. 

The U.S. data came out today was below the expectation.  The weekly unemployment claims climbed to 245K, which was way above the expected 231K, as well as the previous 225K.  This is interesting.  With the holidays and the online shopping going strong, I would think the jobless claims should have gone down because Amazon and other online retailers would have hired additional help.  The other piece of the data that came out today was the final Q3 GDP revision, which was at 3.2%.  It was slightly below the previous estimate of 3.3%. 

The holiday mood is here.  None of the numbers drove the currencies one way or the other.  The Forex market is quiet.

There have been no activities from my MT4 EA since the last update.

The strategy can be found here.

The latest result can be found here.

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