The EUR/USD Rose to near 1.2390 after the Positive Economic Recovery Comment

The euro moved higher on early Wednesday and reached 1.2390.

The EUR/USD rose to near 1.2390 after the ECB President, Draghi, said the euro zone economic recovery was significant.  He is confident the inflation could reach 2%.  This is positive news for the euro and it did push the common currency higher. 

Yesterday, the ECB member, Nowotny, also indicated that the QE would end this year and the ECB would start the process of rate hikes.

There has been no trade from my MT4 EA since the last update.

The strategy can be found here.

The previous week’s result can be found here.

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