The EURUSD Is Still Pressured by the Rising U.S. Bond Yields

The euro moved lower again on Wednesday and had broken below the previous low of 1.2180.

The EUR/USD is trading near 1.2170.  The euro's decline continued to be driven by the soaring U.S. bond yields.  The latest economical data solidified the Fed's confidence in the U.S. economy and the inflation target, which made the Fed more aggressive on the future interest rate hikes. 

There has been no trade from my MT4 EA since the last update.


The strategy can be found here.

The previous week's result can be found here.