The Euro: The Downtrend Continued

The euro continued to move lower.



The EUR/USD continued its trading pattern from yesterday.  That was it moved higher during the Asian session, and then resumed the downtrend once the Europe opened.  Currently, it is below the 1.18 mark.

The economic data didn't affect the euro very much.  The German factory orders surpassed the forecast of a 0.3% decline and registered a 0.5% rise.  In the US, the ADP private employment survey showed a 190,000 new jobs added, which was slightly above the 185K expected.  The attention will center on the US Nonfarm Payroll data on Friday.

There have been 2 losses from my MT4 EA since the last update.   They were triggered last Thursday and Friday.

The strategy can be found here.

The latest result can be found here.




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