Trade Review and Trading Advice for the European Currency

The levels I identified were not tested during the first half of the day.

The lack of clear direction and low volatility led the EUR/USD pair to trade within a sideways range during the first half of the day. Going forward, sharp political statements or actions suggesting an escalation of the Middle East conflict could trigger a sharp decline, while positive news regarding peace negotiations could support the euro's rise.

In the absence of important U.S. macroeconomic data, investors will also closely follow the news flow. Central bank actions, especially statements from Federal Reserve and ECB officials, may have an impact; however, only speeches by Christine Lagarde and Joachim Nagel are scheduled.

Regarding intraday strategy, I will mainly rely on scenarios No. 1 and No. 2.

Buy Signal

Scenario No. 1: Today, euro purchases are possible when the price reaches around 1.1759 (green line on the chart), targeting growth toward 1.1790. At 1.1790, I plan to exit the market and also consider selling in the opposite direction, expecting a 30–35 point move from the entry point. A rise in the euro today is only possible if there is positive news from the Middle East.Important! Before buying, ensure that the MACD indicator is above the zero line and has just begun rising from it.

Scenario No. 2: I will also consider buying the euro if there are two consecutive tests of 1.1745, at a time when the MACD is in oversold territory. This would limit the downward potential and lead to a reversal upward. Growth toward 1.1759 and 1.1790 can then be expected.

Sell Signal

Scenario No. 1: I plan to sell the euro after reaching 1.1745 (red line on the chart), targeting 1.1720, where I will exit the market and immediately consider buying in the opposite direction (expecting a 20–25 point reversal from that level). Pressure on the pair may return today if the U.S. and Iran maintain a hard stance.Important! Before selling, ensure that the MACD is below the zero line and has just begun declining from it.

Scenario No. 2: I will also consider selling if there are two consecutive tests of 1.1759, at a time when the MACD is in overbought territory. This would limit upward potential and lead to a downward reversal. A decline toward 1.1745 and 1.1720 can then be expected.

What is shown on the chart:

• Thin green line — entry price for buying the instrument
• Thick green line — projected Take Profit level or manual profit-taking level, as further growth above this level is unlikely
• Thin red line — entry price for selling the instrument
• Thick red line — projected Take Profit level or manual profit-taking level, as further decline below this level is unlikely
• MACD indicator — when entering the market, it is important to consider overbought and oversold zones

Important note: Beginner Forex traders should be very cautious when making trading decisions. Before major fundamental releases, it is best to stay out of the market to avoid sharp price swings. 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 are not using proper money management and are trading large volumes.

And remember, successful trading requires a clear trading plan, similar to the one presented above. Making spontaneous trading decisions based on current market conditions is, from the outset, a losing intraday strategy.