The U.S. stock market and the Forex market remain volatile today. Dow Jones was down 400+ points, the Treasury yields were near multi-year high, and the euro was down near 400 pips from the recent high of 1.2520.
The euro succumbed to the selling pressure after the short-term support near 1.2320 was broken. It fell to a fresh 3-week low of 1.2211 before a kneejerk rebound to 1.23. The Philly Fed Harker said that he expected just two rate hikes in 2018; however, he would support another rate hike depending on the inflation and financial conditions. The rumors in the market were there might be 4 rate hikes in 2018. His comments provided the euro with some relief from the selling pressure; however, the effect was limited.
The strategy can be found here.
The latest result can be found here.