empty
23.06.2025 08:34 AM
Intraday Strategies for Beginner Traders on June 23

Demand for risk assets fell sharply, and the U.S. dollar strengthened after U.S. strikes on Iran's nuclear facilities.

The initial decline of the euro and the pound against the dollar was quickly reversed, keeping trading within last week's sideways channel. The resilience of the market can be attributed to several factors. First, market participants have likely already priced in the geopolitical risks associated with Iran. Second, the scale of the attack may have been perceived as limited and not posing a threat to regional stability as a whole. However, despite the current calm, the risks of conflict escalation remain. Any further strikes or retaliatory actions by Iran could spark a new wave of uncertainty and volatility in currency markets. Traders should exercise caution and thoroughly assess risks when making investment decisions.

Today, Eurozone activity data is expected. The influence of macroeconomic data on the performance of risk assets is likely to be mixed. On the one hand, weak manufacturing PMI figures from the eurozone could increase downward pressure on the euro. Traders may interpret the slowdown in industrial production as a sign of deeper economic issues and reduce their euro positions, leading to euro depreciation against the U.S. dollar.

However, there is a counterargument. Expectations of a rebound in the eurozone's services sector — reflected in a potential return of the corresponding index to the neutral 50-point mark — could soften the negative impact of the industrial data. If the services sector shows resilience or even slight growth, this may signal diversification within the European economy and reduced dependence on industrial output. In such a case, the euro's decline will likely be limited.

Similar reports and market reactions are expected for the UK services sector.

If the data meets economists' expectations, it is advisable to follow a Mean Reversion strategy. A Momentum strategy is more appropriate if the data significantly exceeds or falls short of expectations.

Momentum Strategy (Breakout):

EUR/USD

Buy on breakout above 1.1525, targeting 1.1545 and 1.1580.

Sell on breakout below 1.1500, targeting 1.1475 and 1.1440.

GBP/USD

Buy on breakout above 1.3440, targeting 1.3475 and 1.3510.

Sell on breakout below 1.3420, targeting 1.3400 and 1.3380.

USD/JPY

Buy on breakout above 147.25, targeting 147.60 and 148.10.

Sell on breakout below 146.90, targeting 146.75 and 146.50.

Mean Reversion Strategy (Pullbacks):

This image is no longer relevant

EUR/USD

Sell after a failed breakout above 1.1516 followed by a return below the level.

Buy after a failed breakout below 1.1472 followed by a return above the level.

This image is no longer relevant

GBP/USD

Sell after a failed breakout above 1.3440 followed by a return below the level.

Buy after a failed breakout below 1.3397 followed by a return above the level.

This image is no longer relevant

AUD/USD

Sell after a failed breakout above 0.6425 followed by a return below the level.

Buy after a failed breakout below 0.6381 followed by a return above the level.

This image is no longer relevant

USD/CAD

Sell after a failed breakout above 1.3772 followed by a return below the level.

Buy after a failed breakout below 1.3748 followed by a return above the level.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Maxim Magdalinin
Start trade
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 – July 14th (U.S. Session)

Trade Analysis and Tips for the Japanese Yen The test of the 147.20 level occurred when the MACD indicator had just started to move down from the zero mark, confirming

Jakub Novak 19:23 2025-07-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – July 14th (U.S. Session)

Trade Analysis and Tips for the British Pound The test of the 1.3484 level occurred when the MACD indicator had just started to rise from the zero mark, confirming

Jakub Novak 19:20 2025-07-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – July 14th (U.S. Session)

Trade Analysis and Tips for the Euro The test of the 1.1672 level occurred at the moment when the MACD indicator had just started to move up from the zero

Jakub Novak 19:11 2025-07-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on July 14. Analysis of Yesterday's Forex Trades

The price test at 1.1678 occurred when the MACD indicator had just begun moving downward from the zero line, confirming a valid entry point for selling the euro. However

Jakub Novak 09:15 2025-07-14 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 14. Analysis of Yesterday's Forex Trades

The price test at 147.14 occurred when the MACD indicator had already moved well above the zero line, which limited the pair's upward potential. Today's data showing a slower decline

Jakub Novak 09:02 2025-07-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on July 14. Analysis of Yesterday's Forex Trades

The price test at 1.3532 occurred when the MACD indicator had just begun moving downward from the zero line, confirming a valid entry point for selling the pound and resulting

Jakub Novak 09:02 2025-07-14 UTC+2

Intraday Strategies for Beginner Traders on July 14

The euro held its ground despite real trade threats from the United States, while the pound continued to decline against the US dollar following weak fundamental data related

Miroslaw Bawulski 08:26 2025-07-14 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The price test at 146.83 occurred when the MACD indicator had already moved far below the zero line, limiting the pair's

Jakub Novak 13:49 2025-07-11 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session)

Trade Review and Tips for Trading the British Pound The price test at 1.3547 occurred when the MACD indicator had just begun moving downward from the zero line, confirming

Jakub Novak 13:06 2025-07-11 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – July 11th (U.S. Session)

Trade Review and Tips for Trading the Euro The price test at 1.1694 occurred when the MACD indicator had already risen significantly above the zero line, limiting the pair's upward

Jakub Novak 13:01 2025-07-11 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.