The EURUSD Moved Lower toward 1.1720 Again

The EURUSD is giving back most of its gain from yesterday after breaking above 1.1720.

The EURUSD trading remains calm after the U.S. announced a 10% tariff on $200 billion worth of Chinese goods earlier this week.  The euro has given back most of its gain from yesterday.

The euro has been moving higher against the dollar because the ECB President, Mario Draghi, was upbeat about the euro zone economy.  He expects to see the euro zone inflation picking up gradually and the growth rates have been exceeding expectations.

There has been 1 trade from my MT4 EA since the last update.  It was a loss.

The strategy can be found here.

The previous week’s result can be found here.

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