The euro reserved its downtrend and stood above 1.2300.
The U.S. equities plunged today over the Facebook data-leak incident. The euro strengthened against the dollar because of the broad U.S. dollar weakness. Facebook tumbled more than 6 percent because a political consultancy that worked on President Donald Trump’s campaign gained inappropriate access to data on more than 50 million users. This news sent shock waves to Wall Street and sparked privacy concerns over the collection and use of data.
Just last week, the EUR/USD was down more than 150 pips from the recent high of 1.2411 because of the dovish comments by the ECB President, Draghi.
There has been no trade from my MT4 EA since the last update.
The strategy can be found here.
The previous week’s result can be found here.