The euro is still confined in a tight trading range because traders are awaiting the ECB rate decision and statement on Thursday. The euro has been quietly climbing higher after the euro Consumer Confidence reaches its highest in over a decade. The US government shutdown drama was over for now…
Category: Forex
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The Euro Remains Quiet and Moves in a Narrow Range
The euro is drifting between 1.2213 and 1.2260. The US government shutdown remained in effect, but the Senate had agreed to vote on a funding bill later today. The bill will keep the government running until February 8th. The U.S. dollar was seen gaining strength against the euro after the…
The Euro Gapped Higher but Lost Gain against the U.S. Dollar Immediately
The euro opened higher during the Asian session today, but the up gap was soon filled. The U.S. dollar remained weak against the major counterparts due to the shutdown of the government. The euro opened 50 pips higher against the U.S. dollar but the momentum faded immediately. It has given…
New MT4 EA Experiment – Buy Bullish: Set up, Rules, and Results Week 25
3 trades have been closed since the last update. Two trades were losses. The other one was profitable. The total realized profit is $111. Last week, we ended at $2458 in profit minus interests and fees. After the profit this week, that brings our total net profit to $2569 minus…
The Euro Recovered from the Recent Low 1.2160
The consolidation continued between 1.22 and 1.23. Yesterday, the euro recovered most of the recent losses from 1.2160 after the verbal intervention by the ECB policy makers over its recent strength. The ECB’s comment sent the euro reeling from 1.2250 to 1.2160. Another risk for the euro comes from the…