Review of Trades and Trading Advice for the Euro

The first test of the 1.0329 level occurred when the MACD indicator had already moved significantly above the zero mark, limiting the pair's upward potential. For this reason, I did not buy the euro. I also did not find any other viable entry points.

Market participants remain cautious about potential new statements from Donald Trump regarding trade tariffs, making them hesitant to buy risk assets, including the euro. If no significant developments occur during U.S. trading hours, EUR/USD may extend its gains against the dollar. However, any shift in Trump's rhetoric—even a minor one—could halt the emerging uptrend.

On the other hand, the lack of fundamental data today might keep the pair trading within a range, making it more practical to look for both buy and sell opportunities rather than expecting a strong directional move.

For today's intraday strategy, I will focus primarily on executing Scenario #2.

Buy Signal for EUR/USD

Scenario #1: Buy the euro when the price reaches the 1.0344 level (green line on the chart), targeting a rise to 1.0374. At 1.0374, I will exit long positions and sell the euro in the opposite direction, aiming for a 30-35 point pullback. Bullish momentum is expected only as part of a correction.Important: Before buying, ensure that the MACD indicator is above the zero mark and just starting to rise.

Scenario #2: I will also consider buying the euro if there are two consecutive tests of the 1.0322 level while the MACD indicator is in the oversold zone. This will limit the pair's downward potential and trigger a reversal to the upside. The expected targets are 1.0344 and 1.0374.

Sell Signal for EUR/USD

Scenario #1: Sell the euro after the price reaches 1.0322 (red line on the chart). The target will be 1.0289, where I plan to exit short positions and enter long trades on a rebound (expecting a 20-25 point move in the opposite direction). Selling pressure could return at any time.Important: Before selling, ensure that the MACD indicator is below the zero mark and just starting to decline.

Scenario #2: I will also consider selling the euro if there are two consecutive tests of 1.0344 while the MACD indicator is in the overbought zone. This will limit the pair's upward potential and lead to a reversal downward. The expected targets are 1.0322 and 1.0289.

What's on the chart:

• Thin green line – Recommended buy entry point.
• Thick green line – Expected Take Profit level, as further growth is unlikely beyond this point.
• Thin red line – Recommended sell entry point.
• Thick red line – Expected Take Profit level, as further decline is unlikely beyond this point.
• MACD Indicator: Always check for overbought and oversold zones before entering the market.

Important. Novice Forex traders need to make their entry decisions very carefully. Before the release of important fundamental reports, it is best to stay out of the market to avoid falling into sharp fluctuations in the exchange rate. If you decide to trade during the news release, always place stop orders to minimize losses. Without placing stop orders, you can lose your entire deposit very quickly, especially if you do not use money management, but trade in large volumes.

And remember that for successful trading it is necessary to have a clear trading plan, following the example of the one I presented above. Spontaneous trading decision-making based on the current market situation is an inherently losing strategy for an intraday trader.