The euro is consolidating between 1.22 and 1.23 after its recent bullish move from 1.1930 to 1.2296 since last Thursday.

Last night, we had another buy order opened during the Asian session, which ended up with a loss.  It was an attempt to move higher and it did break above the previous high of 1.2296.  However, the momentum did not follow through.  In addition, the news from Germany broke and it was not good.  The negotiations among the parties trying to form a government fell apart again.

The strategy can be found here.

The latest result can be found here.