The Euro Seesawed as the Financial Markets Remained Unsettled

The euro finally showed some upside momentum after dipping as low as 1.2313.

The stock markets in Asia and Europe plummeted following the sell-off on Wall Street, while today’s U.S. stock market is quite volatile.

The economic data from Europe today was good, but did not provide the euro with any support.  Primarily, it was because of the panic selling in the U.S. stock market earlier and the U.S. dollar was regarded as the safe haven.  Currently, the stock market seemed to be stabilized, and thus, the euro was pushed a bit higher.

A buy position was opened from my MT4 EA not long ago because of the rebound from the recent low of 1.2313.

The strategy can be found here.

The latest result can be found here.

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