empty
25.04.2025 07:17 PM
EUR/USD: Simple Trading Tips for Beginner Traders – April 25th (U.S. Session)

Trade Analysis and Guidance for the Euro

The price test at 1.1355 occurred when the MACD indicator had already risen significantly above the zero line, which, in my view, limited the pair's upward potential. For that reason, I did not buy the euro.

The euro failed to show meaningful growth due to a lack of economic data and continued trading in a narrow range, as market participants focused on the potential for a trade agreement between the U.S. and the European Union. Investors were waiting for news indicating progress in the negotiations, but so far, nothing has emerged. The lack of clarity regarding future trade relations supports the euro and puts pressure on the U.S. dollar. However, traders are also concerned that delays in reaching an agreement could negatively affect the European economy, which is already facing difficulties.

In the second half of the day, only the University of Michigan Consumer Sentiment Index and inflation expectations are due. Investors are likely to watch these indicators closely, as they may offer insight into the future trajectory of the economy and the potential response from the Federal Reserve.

The University of Michigan's Consumer Sentiment Index is a key gauge of consumer confidence in the economy. Higher readings typically suggest that consumers feel more optimistic about their financial prospects and are more likely to spend—an outcome that can stimulate economic growth. Conversely, lower readings may signal concerns about the economy and possible reductions in consumer spending.

I will rely primarily on the execution of Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: I plan to buy the euro today if the price reaches 1.1372 (green line on the chart), targeting a rise to 1.1412. At 1.1412, I plan to exit the market and open a sell trade in the opposite direction, expecting a 30–35 point pullback. Euro growth will only be realistic after weak U.S. data. Important! Before buying, make sure the MACD indicator is above the zero mark and just beginning to rise from it.

Scenario #2: I also plan to buy the euro today in the event of two consecutive tests of the 1.1340 price level, when the MACD is in the oversold zone. This will limit the pair's downward potential and lead to a reversal to the upside. A rise to 1.1372 and 1.1412 can then be expected.

Sell Signal

Scenario #1: I plan to sell the euro after the price reaches 1.1340 (red line on the chart), targeting a move down to 1.1292. At that level, I plan to exit the market and open long positions in the opposite direction (aiming for a 20–25 point rebound). Downward pressure will return if strong U.S. data is released. Important! Before selling, make sure the MACD indicator is below the zero mark and just starting to fall from it.

Scenario #2: I also plan to sell the euro today if there are two consecutive tests of 1.1372 while MACD is in overbought territory. This will limit the pair's upside and may lead to a downward reversal. A drop toward 1.1340 and then to 1.1292 can be expected.

This image is no longer relevant

Chart Details:

  • Thin green line – entry price for long trades;
  • Thick green line – projected Take Profit level, above which further growth is unlikely;
  • Thin red line – entry price for short trades;
  • Thick red line – projected Take Profit level, below which further decline is unlikely;
  • MACD indicator – use overbought/oversold zones for entry decisions.

Important Note:

Beginner Forex traders should make market entry decisions with extreme caution. It's best to stay out of the market ahead of key fundamental reports to avoid sharp price swings. If you choose to trade during news releases, always set stop-loss orders to minimize losses. Without stop-losses, you can quickly lose your entire deposit—especially if you don't use money management and trade with large volumes.

And remember, successful trading requires a well-defined trading plan like the one outlined above. Spontaneous decision-making based on current market moves is 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 May 2nd (U.S. Session)

Trade Analysis and Advice for the Japanese Yen The test of the 145.05 level occurred when the MACD indicator had already moved significantly below the zero mark, which limited

Jakub Novak 12:24 2025-05-02 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 2nd (U.S. Session)

Trade Analysis and Advice for the British Pound The test of the 1.3294 level in the first half of the day occurred when the MACD indicator had already moved significantly

Jakub Novak 12:19 2025-05-02 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 2nd (U.S. Session)

Trade Analysis and Advice for the Euro The test of the 1.1320 price in the first half of the day occurred at a time when the MACD indicator had already

Jakub Novak 12:17 2025-05-02 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on May 2. Review of Yesterday's Forex Trades

The test of the 144.79 level occurred at a time when the MACD indicator had already moved significantly above the zero line, which limited the pair's upside potential. Therefore

Jakub Novak 09:15 2025-05-02 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 2. Review of Yesterday's Forex Trades

The test of the 1.3311 level in the second half of the day occurred just as the MACD indicator was beginning to move downward from the zero line, confirming

Jakub Novak 09:14 2025-05-02 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 2. Review of Yesterday's Forex Trades

The test of the 1.1305 level in the second half of the day occurred when the MACD indicator had already moved far below the zero line, which limited the pair's

Jakub Novak 09:14 2025-05-02 UTC+2

Intraday Strategies for Beginner Traders on May 2

Euro and Pound Resumed Declines Against the U.S. Dollar Yesterday, Driven by Strong U.S. Fundamentals During the U.S. trading session, the euro and the pound returned to their downward movement

Miroslaw Bawulski 06:49 2025-05-02 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 144.38 level occurred when the MACD had already moved significantly above the zero mark, which limited

Jakub Novak 18:49 2025-05-01 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The test of the 1.3304 price level in the first half of the day coincided with the MACD indicator just starting

Jakub Novak 18:47 2025-05-01 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session)

Trade Analysis and Tips for Trading the Euro The test of the 1.1319 price level in the first half of the day coincided with the MACD indicator just beginning

Jakub Novak 18:44 2025-05-01 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.