The EURUSD Seesawed after the U.S. Rate Decision and Then Dipped below 1.20

The euro seesawed today and briefly breached 1.20 after the U.S. rate decision.

The EUR/USD is trading near 1.1975.  The euro’s short lived strength against the U.S. dollar was because of an uneventful rate decision from the Fed.  There were no surprises.  We were unable to gain any insight into today’s decision because there was not any conference after the announcement.  We’d have to wait until May 23 for the Fed meeting minutes.

There have been 3 trades from my MT4 EA since the last update.  2 of them were losses.  One trade was profitable.

The strategy can be found here.

The previous week’s result can be found here.

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