The Euro Has Hit the Highest Point Since October 2017

The euro’s advance against the U.S. dollar continued.  It is trading above the 1.20 level at the moment.

The euro is changing hands above the 1.2000 level currently.  It was very close to the September, 2017 high this morning, but was unable to break above.

The EUR/USD pair has held onto its strong gains against the U.S. dollar since December 12th.  We are about 50 pips or so away from the 2017 high, which was set in September last year. 

The U.S. dollar seems to have run out of reasons for traders to be bullish.  It needs something new to attract the buyers, but there isn’t any in sight.

However, this Friday’s job data may change the sentiment if the data comes in very strong and exceeds the forecasts on all fronts.

There was one buy order triggered from my MT4 EA this morning; however, it ended up with a loss.  The stop loss was hit.

The strategy can be found here.

The latest result can be found here.

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