26.07.202418:16 Forex-elemzések és áttekintések: EUR/USD: Simple Trading Tips for Beginner Traders on July 26 (US Session)

Analysis of Trades and Tips for Trading the Euro

The test of the 1.0851 price occurred when the MACD indicator had moved significantly below the zero mark, limiting the pair's further downward potential. For this reason, I did not sell the euro. A second test of this price allowed me to enter the market with a buy order for the euro, resulting in a 15-point rise in the pair. Ahead, we have a lot of important data. Expected figures include the core personal consumption expenditures index, changes in consumer spending levels, changes in US household income levels, the University of Michigan consumer sentiment index, and inflation expectations. Weak US economic data will lead to a strengthening of the euro and a decline in the dollar. Regarding the intraday strategy, I plan to base my actions on Scenarios #1 and #2.

Buy Signal

Scenario #1: Today, I plan to buy the euro when it reaches around 1.0870 (green line on the chart), targeting a rise to 1.0905. At the 1.0905 point, I will exit the market and immediately buy the euro, expecting a move of 30-35 points from the entry point. A strong upward movement in EUR/USD can be expected today after weak US statistics. Important! Before buying, ensure that the MACD indicator is above the zero mark and beginning to rise.

Scenario #2: I also plan to buy the euro today if there are two consecutive tests of the 1.0852 price and the MACD indicator is in the oversold area. This will limit the pair's downward potential and lead to an upward reversal in the market. Growth to the opposite levels of 1.0870 and 1.0905 can be expected.

Sell Signal

Scenario #1: I will sell the euro when it reaches the level of 1.0852 (red line on the chart). The target will be the 1.0822 level, where I plan to exit the market and immediately buy the euro, expecting a move of 20-25 points. Pressure on the pair will return if strong US economic data is released. Important! Before selling, ensure that the MACD indicator is below the zero mark and beginning to decline.

Scenario #2: I also plan to sell the euro today if there are two consecutive tests of the 1.0870 price and the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a downward reversal in the market. A decline to the opposite levels of 1.0852 and 1.0822 can be expected.

Chart Details:

• Thin green line: The entry price for buying the trading instrument.
• Thick green line: The approximate price at which you can set Take Profit or secure your profits, as further growth above this level is unlikely.
• Thin red line: The entry price for selling the trading instrument.
• Thick red line: The approximate price at which you can set Take Profit or secure your profits, as further decline below this level is unlikely.
• MACD Indicator: Consider the overbought and oversold zones when entering the market.

Important:

Beginner traders must make entry decisions very carefully. Before major fundamental reports are released, it is best to stay out of the market to avoid sharp fluctuations. If you decide to trade during news releases, always set stop-loss orders to minimize losses. Without setting stop-loss orders, you can quickly lose your entire deposit, especially if you do not use money management and trade in large volumes.

Remember, successful trading requires a clear trading plan, like the one presented above. Spontaneous trading decisions based on the current market situation are a losing strategy for intraday traders.