empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Key documents
Social Responsibility
10.01.2025 09:13 AM
EUR/USD: Simple Trading Tips for Beginner Traders on January 10. Analysis of Yesterday's Forex Trades
Open trading account Open demo account

Analysis of Trades and Trading Tips for the Euro

The test of the 1.0317 level in the second half of the day occurred when the MACD indicator had significantly risen above the zero mark, which limited the pair's upward potential. For this reason, I chose not to buy the euro, and no other entry points presented themselves.

Yesterday, comments from Federal Reserve officials supported demand for the U.S. dollar. Michelle Bowman stated that inflation remains high and sees risks of its resurgence. She believes that December's rate cut should be the last until the situation with rising prices stabilizes. Patrick Harker also noted that it will take longer than expected to bring inflation down to 2% and suggested that the Fed should consider taking a small pause amid the current uncertainty.

This morning, there is no significant data from the Eurozone, but figures regarding changes in France's consumer spending, industrial production, and Italy's retail sales should not be overlooked. Only very weak data could trigger a sell-off for the euro ahead of the U.S. labor market reports.

For today's intraday strategy, I will primarily focus on implementing Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: Buy the euro at around 1.0298 (green line on the chart), targeting a rise to 1.0322. At 1.0322, I plan to exit the market and sell the euro in the opposite direction, expecting a movement of 30–35 pips from the entry point. A bullish scenario for the euro is only plausible in the first half of the day if positive data is released. Important: Before buying, ensure the MACD indicator is above the zero mark and starting to rise from it.

Scenario #2: I also plan to buy the euro if there are two consecutive tests of the 1.0278 level while the MACD indicator is in the oversold zone. This will limit the pair's downward potential and lead to an upward reversal. Expect a rise to the 1.0298 and 1.0322 levels.

Sell Signal

Scenario #1: Sell the euro after reaching the 1.0278 level (red line on the chart). The target will be 1.0253, where I plan to exit the market and buy in the opposite direction, expecting a movement of 20–25 pips in the opposite direction from the level. Pressure on the pair can resume at any moment. Important: Before selling, ensure the MACD indicator is below the zero mark and starting to decline.

Scenario #2: I also plan to sell the euro if there are two consecutive tests of the 1.0298 level while the MACD indicator is in the overbought zone. This will limit the pair's upward potential and lead to a reversal downward. Expect a decline to the 1.0278 and 1.0253 levels.

This image is no longer relevant

Chart Notes

  • Thin green line: Entry price for buying the trading instrument.
  • Thick green line: A suggested target for Take Profit or manually locking in profits, as further growth above this level is unlikely.
  • Thin red line: Entry price for selling the trading instrument.
  • Thick red line: A suggested target for Take Profit or manually locking in profits, as further decline below this level is unlikely.
  • MACD Indicator: Critical for identifying overbought and oversold zones to guide market entry decisions.

Important Note for Beginner Traders

  • Always approach market entry decisions cautiously.
  • Avoid trading during major news releases to sidestep volatile price swings.
  • If trading during news releases, always set stop-loss orders to minimize losses.
  • Trading without stop-loss orders or money management practices can quickly deplete your deposit, especially when using large volumes.
  • A clear trading plan, like the one outlined above, is essential for successful trading. Spontaneous trading decisions based on current market conditions are inherently disadvantageous for intraday traders.
Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session) The 148.72 price test occurred when the MACD indicator had already moved significantly above the zero level, limiting the pair's upward potential. For this reason
Jakub Novak
17:50 2025-03-14 +02:00
2395
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session) The 1.2934 price test coincided with the MACD indicator beginning its downward movement from the zero level, confirming the validity of the entry point. As a result, the pair declined
Jakub Novak
17:02 2025-03-14 +02:00
2290
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)

The 148.72 price test occurred when the MACD indicator had already moved significantly above the zero level, limiting the pair's upward potential. For this reason
Jakub Novak 16:50 2025-03-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)

The 1.2934 price test coincided with the MACD indicator beginning its downward movement from the zero level, confirming the validity of the entry point. As a result, the pair declined
Jakub Novak 16:02 2025-03-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 14th (U.S. Session)

The 1.0861 price test occurred when the MACD indicator had already risen significantly above the zero level, limiting the pair's upward potential. For this reason
Jakub Novak 15:40 2025-03-14 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 14. Review of Yesterday's Forex Trades

The test of the price level at 148.02 occurred when the MACD indicator had just started to move downward from the zero mark, confirming a valid entry point for selling
Jakub Novak 08:20 2025-03-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 14. Review of Yesterday's Forex Trades

The first test of the 1.2941 price level occurred when the MACD indicator had already moved significantly downward from the zero mark, limiting the pair's downside potential. For this reason
Jakub Novak 08:20 2025-03-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 14. Review of Yesterday's Forex Trades

The price test at 1.0865 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downside potential in my opinion. For this
Jakub Novak 08:19 2025-03-14 UTC+2

Intraday Strategies for Beginner Traders on March 14

The euro and the pound are both experiencing a correction, although it's not very pronounced and could quickly shift into a new wave of growth for risk assets, with weekly
Miroslaw Bawulski 07:19 2025-03-14 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 13th (U.S. Session)

The price test at 147.64 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downward potential. For this reason
Jakub Novak 18:38 2025-03-13 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 13th (U.S. Session)

The price test at 1.2945 occurred when the MACD indicator had already moved significantly downward from the zero mark, which limited the pair's downward potential. For this reason
Jakub Novak 18:35 2025-03-13 UTC+2

Top analytics

Relevance up to 11:00 UTC--4
Euro Faces a Potential Coup d'Etat
00:45 2025-03-14
Fundamental analysis
Relevance up to 08:00 2025-03-27 UTC--4
Trading Signals for GOLD (XAU/USD) for March 13-15, 2025: sell below $2,950 (21 SMA - 8/8 Murray)
14:49 2025-03-13
Technical analysis
Relevance up to 02:00 2025-03-17 UTC--4
US stock market: NASDAQ and SP500 going through correction, 10% down from their historic highs
11:53 2025-03-14
Stock Markets
Relevance up to 09:00 2025-03-27 UTC--4
Trading Signals for EUR/USD for March 13-15, 2025: sell below 1.0881 (+1/8 Murray - 21 SMA)
15:00 2025-03-13
Technical analysis
Relevance up to 04:00 2025-03-17 UTC--4
A New Problem Rises for America – The Debt Ceiling (Expecting #SPX and #NDX to Resume Their Decline After a Likely Short-Term Recovery)
15:06 2025-03-14
Fundamental analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.