State Of The Euro Analysis | April 23

Hi guys, recently the Euro has been very volatile and not trending very much. But as we can see below overall the dollar is getting slightly stronger versus the Euro. This type of market favors our manual trading friends, see below.

When the market is raging like this, its basically a "buy low sell high" kind of market. This level of volatility usually does not favor most EA's, unless you are trading a grid system. We all know the problem with grid traders, they are simply too risky over the long term. One big move and you could be facing a margin call.

The above chart was drawn over the past two weeks. Long term outlook for the Euro is for it to begin to rise. Let's hope this forecast comes to fruition. 

Confirmation of a strengthening Dollar can be seen on the USD/JPY chart below.