empty
15.01.2025 02:09 PM
EUR/USD: Simple Trading Tips for Beginner Traders on January 15th (U.S. Session)

Trade Analysis and Tips for the Euro

The test of the 1.0309 price level coincided with the MACD indicator being significantly above the zero mark, which limited the pair's upward potential. For this reason, I refrained from buying euros.

The second half of the day holds significant potential for change as U.S. inflation growth data for December is due, which could substantially influence the Federal Reserve's monetary policy decisions. Analyst expectations are mixed, and each data point could prompt adjustments to interest rates. If inflation exceeds forecasts, it may trigger more aggressive actions by the Fed, impacting financial markets and borrowing costs. Such a scenario could concern investors and lead to market volatility, benefiting the dollar against the euro. Conversely, if inflation data signals a slowdown, this could bolster risk assets like the euro, as expectations for easing monetary policy might rise. Alongside the data, pay attention to FOMC members' speeches, including John Williams, Thomas Barkin, and Neel Kashkari.

For intraday strategy, I'll focus more on implementing Scenario #1, even without relying on the MACD indicator, as I anticipate strong directional movement.

This image is no longer relevant

Buy Signal

Scenario #1: Today, buying the euro is possible at 1.0320 (green line on the chart), targeting growth to 1.0363. At 1.0363, I plan to exit the market and also open short positions for a reversal movement of 30-35 points. Expect the euro to rise following lower U.S. inflation data.Important! Before buying, ensure the MACD indicator is above the zero mark and just beginning to rise.

Scenario #2: I also plan to buy the euro if there are two consecutive tests of the 1.0295 level when the MACD indicator is in oversold territory. This will limit the pair's downward potential and lead to a reversal upward. Growth toward the 1.0320 and 1.0363 levels can be expected.

Sell Signal

Scenario #1: I plan to sell the euro after it reaches the 1.0295 level (red line on the chart). The target will be 1.0253, where I plan to exit and open buy positions for a reversal movement of 20-25 points. Pressure on the pair could return if inflation is high.Important! Before selling, ensure the MACD indicator is below the zero mark and just beginning to decline.

Scenario #2: I also plan to sell the euro if there are two consecutive tests of the 1.0320 level when the MACD indicator is in overbought territory. This will limit the pair's upward potential and lead to a reversal downward. Declines toward the 1.0295 and 1.0253 levels can be expected.

This image is no longer relevant

On the Chart:

  • Thin green line: Entry price for buying the instrument.
  • Thick green line: Estimated level for setting Take Profit or manually locking profits, as further growth above this level is unlikely.
  • Thin red line: Entry price for selling the instrument.
  • Thick red line: Estimated level for setting Take Profit or manually locking profits, as further declines below this level are unlikely.
  • MACD Indicator: Use overbought and oversold zones for market entry guidance.

Important: Beginner traders on the Forex market must exercise extreme caution when making market entry decisions. It's best to stay out of the market before the release of important fundamental reports to avoid abrupt price movements. If you decide to trade during news events, always set stop-loss orders to minimize losses. Without stop-loss orders, you could quickly lose your entire deposit, especially if you trade with large volumes and disregard money management rules.

Remember, successful trading requires a clear trading plan, like the one outlined above. Spontaneous trading decisions based on current market conditions are a losing strategy 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
  • 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 January 23rd (U.S. Session)

Analysis of Trades and Tips for Trading the Japanese Yen The test of the 156.44 price level occurred when the MACD indicator had significantly moved downward from the zero mark

Jakub Novak 13:54 2025-01-23 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on January 23rd (U.S. Session)

The test of the 1.2323 level occurred when the MACD indicator had moved significantly above the zero mark, clearly limiting the pair's upward potential. For this reason

Jakub Novak 13:52 2025-01-23 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on January 23rd (U.S. Session)

Analysis of Trades and Tips for Trading the Euro The first test of the 1.0401 level occurred when the MACD indicator had significantly moved below the zero mark, clearly limiting

Jakub Novak 13:49 2025-01-23 UTC+2

XAG/USD. Silver Still Has a Chance to Break the Downtrend

Silver has encountered significant resistance from the downward channel near the 100-day Simple Moving Average (SMA), interrupting a three-day winning streak that had pushed prices to the psychological level

Irina Yanina 12:15 2025-01-23 UTC+2

S&P 500 at peak, with bear market signals emerging

Futures on US equities remained almost unchanged on Thursday following a strong rally in the previous session that saw the S&P 500 index hit a new all-time high. However, this

Anna Zotova 10:29 2025-01-23 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on January 23. Analysis of Yesterday's Forex Trades

The test at 155.90 occurred when the MACD indicator had just started to move upward from the zero line, confirming that this was a valid entry point for buying

Jakub Novak 09:05 2025-01-23 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on January 23. Analysis of Yesterday's Forex Trades

In the afternoon, the test at 1.2341 coincided with the MACD indicator beginning its downward movement from the zero line. This confirmed a strong entry point for selling the pound

Jakub Novak 09:05 2025-01-23 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on January 23. Analysis of Yesterday's Forex Trades

During the second half of the day, the test of 1.0428 coincided with the MACD indicator being significantly below the zero mark, which limited the downside potential of the currency

Jakub Novak 09:05 2025-01-23 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on January 22nd (U.S. Session)

The test of the 156.06 price level occurred when the MACD indicator had already moved significantly above the zero mark, clearly limiting the pair's upward potential—especially after increased market expectations

Jakub Novak 14:34 2025-01-22 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on January 22nd (U.S. Session)

The test of the 1.2312 level occurred when the MACD indicator had already moved significantly below the zero mark, clearly limiting the pair's downward potential. For this reason

Jakub Novak 14:31 2025-01-22 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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.