25.09.202415:52 Forex Analysis & Reviews: EUR/USD: Simple Trading Tips for Beginner Traders on September 25 (U.S. Session)

Analysis of Trades and Tips for Trading the Euro:

The first test of the price at 1.1186 occurred when the MACD indicator had significantly moved below the zero mark, which limited the pair's further downward potential—especially notable within the upward trend observed all day yesterday. For this reason, I refrained from selling the euro. Shortly afterward, a second test of 1.1186 occurred while the MACD was in the oversold area, setting the stage for scenario #2 to buy the euro, which ultimately led nowhere. The pair moved up by about 10 points, and that concluded the activity. In the second half of the day, we anticipate data on US new home sales for August, as well as a speech by Federal Reserve representative Adriana Kugler. Poor statistics and direct statements advocating for further rate cuts could trigger a new wave of euro growth. Otherwise, we will continue trading within the current channel. For the intraday strategy, I plan to act based on the implementation of scenarios #1 and #2.

Buy Signal:

• Scenario #1: Today, I plan to buy the euro when the price reaches around 1.1197 (indicated by a green line on the chart), aiming for a rise to the 1.1224 level. At 1.1224, I will exit the market and take a reverse position, targeting a 30-35 point movement from the entry point. A significant upward movement in the euro today is only expected in the event of very poor U.S. statistics. Important: Before buying, ensure the MACD indicator is above the zero mark and just beginning its ascent.
• Scenario #2: I also plan to buy the euro today if there are two consecutive tests of the 1.1178 price when the MACD indicator is in the oversold area. This situation will limit the pair's downward potential and lead to an upward market reversal. Growth toward the opposite levels of 1.1197 and 1.1224 can be expected.

Sell Signal:

• Scenario #1: I will sell the euro after it reaches the 1.1178 level (indicated by a red line on the chart). The target will be the 1.1157 level, where I plan to exit the market and buy the euro in the opposite direction, aiming for a 20-25 point movement opposite from the entry level. Pressure on the pair will resume if U.S. statistics are strong. Important: Before selling, confirm that the MACD indicator is below the zero mark and just starting to decline.
• Scenario #2: I also plan to sell the euro today if there are two consecutive tests of the 1.1197 price while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward market reversal. A decline toward the opposite levels of 1.1178 and 1.1157 can be expected.

What's on the Chart:

• Thin green line – the entry price for buying the trading instrument.
• Thick green line – the target price, where Take Profit can be set or profits manually secured, as further growth above this level is unlikely.
• Thin red line – the entry price for selling the trading instrument.
• Thick red line – the target price, where Take Profit can be set or profits manually secured, as further decline below this level is unlikely.
• MACD Indicator: It's crucial to follow overbought and oversold zones when entering the market.

Important Tips for Beginner Forex Traders: It's crucial to be very cautious when making market entry decisions. It's best to stay out of the market before the release of significant fundamental reports to avoid exposure to sharp price fluctuations. If you decide to trade during news releases, always set stop-loss orders to minimize losses. Without stop-loss orders, you could quickly deplete your entire deposit, especially if trading large volumes without proper money management.

And remember, successful trading requires a clear plan, like the one presented above. Making spontaneous trading decisions based on the current market situation is inherently a losing strategy for an intraday trader.