Very Tight Trading Range for the EURUSD despite the Intensified Trading War between the U.S. and China

The EURUSD is in a range-bound between 1.1694 and 1.1760.

The EURUSD has been confined in a tight 60-pip trading range.

The trade war began officially on July 6th between the U.S. and China.  The US is pushing further and slapping tariffs on $200 billion of Chinese goods.  The news has not affected the recent U.S. dollar strength yet.  The Fed was wary over the intensifying trade disputes; however, they have not changed their minds on the interest rates.

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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