Will the Euro Fall below the Near-Term Support at the 1.2320 level Today?

The euro’s attempt to rebound from 1.2313 was an exercise in futility. 

The euro found support at around 1.2313 yesterday, but the recovery stalled at 1.24.  Currently, it’s back at around 1.2320 to retest the support level. 

The U.S. dollar’s support came from the rumors in the market that there might be 4 rate hikes in 2018 instead 2 or 3 given the strong job data and soaring treasury yields. 

The buy position opened from my MT4 EA yesterday ended with a loss. 

The strategy can be found here.

The latest result can be found here.

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