Analysis of Trades and Trading Tips for the Euro

The test of the 1.0427 level occurred when the MACD indicator had already moved significantly above the zero mark, which clearly limited the pair's upward potential. For this reason, I did not buy the euro. I didn't find any other market entry points either.

Amid ongoing international trade disputes, it is crucial to understand how Trump's statements may impact the economies of Eurozone countries. Even a hint of potential tariffs could cause market fluctuations as investors analyze the possible consequences for exports and imports. Countries reliant on external trade could face pressure if the administration begins to implement aggressive measures against European goods. For now, no such statements have been made, allowing the euro to capitalize on the moment and continue its rise against the dollar.

While investors await US Leading Indicators Index data, attention remains on overall trends in the currency market. Regardless of the results, the current situation in the Eurozone and Germany's economic indicators create conditions for continued euro weakness. The European Central Bank's dovish monetary policy will further weigh on the prospects for EUR/USD recovery.

For intraday trading strategy, I will rely on the execution of Scenarios #1 and #2.

Buy Signal

Scenario #1: Today, I plan to buy the euro upon reaching the 1.0482 price level (green line on the chart), targeting a rise to 1.0554. At 1.0554, I intend to exit the market and sell the euro in the opposite direction, aiming for a 30–35 point correction from the entry point. A euro rally today would depend on weak US data and new comments from Donald Trump.Important! Before buying, ensure that the MACD indicator is above the zero mark and just beginning to rise from it.

Scenario #2: I also plan to buy the euro if the price tests the 1.0428 level twice, with the MACD indicator in the oversold zone. This will limit the pair's downward potential and lead to a market reversal upward. Growth to the opposite levels of 1.0482 and 1.0554 can be expected.

Sell Signal

Scenario #1: I plan to sell the euro after it reaches the 1.0428 level (red line on the chart). The target will be 1.0347, where I plan to exit the market and buy immediately in the opposite direction, aiming for a 20–25 point correction from the level. Pressure on the pair can return at any moment.Important! Before selling, ensure that the MACD indicator is below the zero mark and just beginning to decline from it.

Scenario #2: I also plan to sell the euro if the price tests the 1.0482 level twice, with the MACD indicator in the overbought zone. This will limit the pair's upward potential and lead to a market reversal downward. Decline to the opposite levels of 1.0428 and 1.0347 can be expected.

What's on the Chart:

• Thin Green Line: Entry price for buying the trading instrument.
• Thick Green Line: Estimated price for setting Take Profit or locking in profits manually, as further growth above this level is unlikely.
• Thin Red Line: Entry price for selling the trading instrument.
• Thick Red Line: Estimated price for setting Take Profit or locking in profits manually, as further decline below this level is unlikely.
• MACD Indicator: When entering the market, it's crucial to consider overbought and oversold zones.

Important Notes

Beginner Forex traders must make market entry decisions with great caution. Before the release of significant fundamental reports, it's best to stay out of the market to avoid being caught in sharp price swings. If you decide to trade during news releases, always use stop-loss orders to minimize losses. Without stop-loss orders, you could quickly lose your entire deposit, especially if you don't practice proper money management and trade in large volumes.

Remember, successful trading requires a clear trading plan, like the one outlined above. Making spontaneous trading decisions based on the current market situation is a losing strategy for intraday traders.