What a busy Monday morning for the euro already.
The euro was down almost 70 pips after the Monday open in Asia due to the political news from Germany. The talks to form Germany’s next government collapsed overnight, which either forced the long time Chancellor, Angela Merkel, to form a minority government or the German President to order a national election. The uncertainty sent the euro down as soon as the market opened.
The euro managed to recoup all the losses after the European market opened. However, the momentum ran out. It is currently trading slightly lower than the Friday’s close.
The euro moved higher during the European session and triggered a buy at that time in my MT4 EA, and it ended up with a loss.
The strategy can be found here.
The latest result can be found here.