The Euro Needs to Take a Break after the Strong Bullish Move

The euro attempted to break above 1.1850 but no avail.

The euro soared yesterday and the momentum was stronger than I had expected.  1.1750 was proven to be NOT an obstacle at all.  During yesterday’s session, the euro didn’t even blink an eye when it reached 1.1750.  It finally consolidated between 1.1780 and 1.18. 

The euro moved higher again during the European session today and reached 1.1850, but the momentum ran out.   A new trade was triggered 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.

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