Trade Review and Tips for Trading the Euro

The test of the 1.1568 price level occurred when the MACD indicator was just beginning to move upward from the zero line, confirming a valid entry point for buying the euro. As a result, the pair rose by only 11 points, and the movement ended there.

In the second half of the day, the lack of macroeconomic data from the United States may cause the EUR/USD pair to remain stuck in a sideways channel. However, tensions in the Middle East are unlikely to allow the week to end quietly. Any news—whether about escalation or de-escalation—could trigger significant price swings. Particular attention is focused on a potential attack by Israel or Iran on energy infrastructure, which would affect commodity prices and strengthen the U.S. dollar.

As for the intraday strategy, I will mainly rely on the execution of Scenarios No. 1 and No. 2.

Buy Signal

Scenario No. 1: Today, buying the euro is possible when the price reaches around 1.1568 (green line on the chart), with a target of 1.1591. At 1.1591, I plan to exit the market and also consider selling in the opposite direction, targeting a 30–35 point move from the entry level. The expectation for euro growth is based on yesterday's trend.Important: Before buying, make sure the MACD indicator is above the zero line and just starting to rise.

Scenario No. 2: I also plan to buy the euro if there are two consecutive tests of the 1.1541 level while the MACD indicator is in the oversold zone. This will limit the pair's downward potential and lead to a reversal upward. A rise toward 1.1568 and 1.1591 can be expected.

Sell Signal

Scenario No. 1: I plan to sell the euro after it reaches 1.1541 (red line on the chart). The target will be 1.1523, where I intend to exit the market and immediately open a buy position in the opposite direction (expecting a 20–25 point move). Pressure on the pair may return at any moment.Important: Before selling, make sure the MACD indicator is below the zero line and just beginning to decline.

Scenario No. 2: I also plan to sell the euro if there are two consecutive tests of the 1.1568 level while the MACD indicator is in the overbought zone. This will limit the pair's upward potential and lead to a downward reversal. A decline toward 1.1541 and 1.1523 can be expected.

What's on the Chart:

• Thin green line – entry price for buying the trading instrument
• Thick green line – suggested Take Profit level or area to manually lock in profits, as further growth above this level is unlikely
• Thin red line – entry price for selling the trading instrument
• Thick red line – suggested Take Profit level or area to lock in profits, as further decline below this level is unlikely
• MACD indicator – when entering the market, it is important to consider overbought and oversold zones

Important

Beginner Forex traders should make entry decisions very cautiously. It is best to stay out of the market before the release of important fundamental reports to avoid sharp price fluctuations. If you decide to trade during news releases, always place stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit—especially if you do not use proper money management and trade large volumes.

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