empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
29.07.2022 10:32 AM
Analysis and trading tips for EUR/USD on July 29
Open trading account Open demo account

Analysis of transactions in the EUR / USD pair

EUR/USD tested 1.0223. At that time, the MACD was far from zero, so the upside potential was limited. Sometime later, the pair tested the level again, but this time the MACD line was in the overbought area, which was a good signal to sell. That proved to be correct because the quote fell by more than 30 pips. Following that was the test of 1.0200, which took place when the MACD line was just starting to move below zero. It was another good signal to sell, and resulted to a 35-pip price decrease to 1.0165. Long positions from 1.0165 led to losses.

This image is no longer relevant

EUR/USD fell on Thursday morning because even though the report on consumer confidence in the Euro area, as well as the index for consumer prices in Germany, did not surprise traders, the inflation data in Germany brought about a negative market reaction. Quotes turned around only in the afternoon, when Q2 GDP of the US showed a weaker-than-expected figure.

Ahead are important reports on the Euro area, which could put quite serious pressure on the pair, provided that their numbers are disappointing. Risk appetite may also fall if the attempt to break through monthly highs fail. Most importantly, particular attention should be paid to US reports on personal consumption, expenditures, income and consumer sentiment, because a decrease, especially on spending, will certainly deal a negative impact on dollar, which, in turn, will push EUR/USD up.

For long positions:

Buy euro when the quote reaches 1.0240 (green line on the chart) and take profit at the price of 1.0279. There is a chance for a rally today, but only after good statistics for the Euro area.

Take note that when buying, the MACD line should be above zero or is starting to rise from it. Euro can also be bought at 1.0208, but the MACD line should be in the oversold area as only by that will the market reverse to 1.0240 and 1.0279.

For short positions:

Sell euro when the quote reaches 1.0208 (red line on the chart) and take profit at the price of 1.0165. Pressure will return if the attempt to hit new local highs fail and if reports on the Euro area are weaker than expected.

Take note that when selling, the MACD line should be below zero or is starting to move down from it. Euro can also be sold at 1.0240, but the MACD line should be in the overbought area, as only by that will the market reverse to 1.0208 and 1.0165.

This image is no longer relevant

What's on the chart:

The thin green line is the key level at which you can place long positions in the EUR/USD pair.

The thick green line is the target price, since the quote is unlikely to move above this level.

The thin red line is the level at which you can place short positions in the EUR/USD pair.

The thick red line is the target price, since the quote is unlikely to move below this level.

MACD line - when entering the market, it is important to be guided by the overbought and oversold zones.

Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.

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
All Analytics
Wave analysis
Analysis of EUR/USD on June 5, 2025 The wave pattern on the 4-hour chart for the EUR/USD pair has transformed into an upward structure and continues to maintain this formation. I believe there is little doubt that
Chin Zhao
20:03 2025-06-05 +02:00
1480
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders on June 5th (U.S. Session) Trade Analysis and Tips for Trading the Japanese Yen The price test at 143.25 during the first half of the day occurred when the MACD indicator had moved significantly above
Jakub Novak
19:58 2025-06-05 +02:00
1195
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • 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 June 5th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The price test at 143.25 during the first half of the day occurred when the MACD indicator had moved significantly above
Jakub Novak 19:58 2025-06-05 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 5th (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The price test at 1.3566 during the first half of the day occurred when the MACD indicator had moved significantly above
Jakub Novak 19:56 2025-06-05 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 5th (U.S. Session)

Trade Analysis and Tips for Trading the Euro The price test at 1.1427 occurred when the MACD indicator had moved significantly above the zero line, which limited the upward potential
Jakub Novak 19:51 2025-06-05 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades

The price test at 144.06 coincided with the moment when the MACD indicator had just started moving downward from the zero line, confirming a correct entry point for selling
Jakub Novak 09:01 2025-06-05 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades

The price test at 1.3529 in the second half of the day coincided with the moment when the MACD indicator had just started moving upward from the zero line, confirming
Jakub Novak 09:01 2025-06-05 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades

The test of the 1.1396 price level coincided with the moment when the MACD indicator had just started moving upward from the zero line. This confirmed a correct entry point
Jakub Novak 09:01 2025-06-05 UTC+2

Intraday Strategies for Beginner Traders on June 5

The euro and pound continued to rise, along with other risky assets, while the US dollar weakened, which is not surprising - especially given such data. Weak ADP employment data
Miroslaw Bawulski 08:10 2025-06-05 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 4th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The price test at 144.01 in the first half of the day occurred when the MACD indicator had just started moving
Jakub Novak 14:30 2025-06-04 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 4th (U.S. Session)

Trade Review and Tips for Trading the British Pound The price test at 1.3526 in the first half of the day occurred when the MACD indicator had just started moving
Jakub Novak 14:27 2025-06-04 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 4th (U.S. Session)

Trade Review and Tips for Trading the Euro The price test at 1.1382 occurred when the MACD indicator had just started to move up from the zero mark, confirming
Jakub Novak 14:23 2025-06-04 UTC+2

Top analytics

Relevance up to 01:00 2025-06-06 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders on June 5. Review of Yesterday's Forex Trades
09:01 2025-06-05
Forecast
Relevance up to 01:00 2025-06-06 UTC--5
Intraday Strategies for Beginner Traders on June 5
08:10 2025-06-05
Forecast
Relevance up to 03:00 2025-06-06 UTC--5
Forecast for EUR/USD on June 5, 2025
11:22 2025-06-05
Technical analysis
Relevance up to 23:00 2025-06-18 UTC--5
Trading Signals for GOLD (XAU/USD) for June 5-9, 2025: sell below $3,387 (21 SMA - 7/8 Murray)
06:36 2025-06-05
Technical analysis
Relevance up to 23:00 2025-06-05 UTC--5
How to Trade the GBP/USD Pair on June 5? Simple Tips and Trade Analysis for Beginners
06:39 2025-06-05
Trading plan
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

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.