The euro bounced back from its recent low of 1.2154.

The EUR/USD soared late Thursday because of the U.S. President’s announcement of tariffs on steel and aluminum starting next week. The U.S. dollar weakened against the major currencies immediately as nothing could scare more Wall Street than the trade protectionism.

Yesterday, the euro weakened against the U.S. dollar because of the Fed chair, Powell’s, hawkish comments about the U.S. economy and future rate hikes.

There have been 2 trades opened from my MT4 EA since the last update.  One of them ended up with a loss, but the other was profitable.

The strategy can be found here.

The previous week’s result can be found here.