empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
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
24.06.2025 09:07 AM
EUR/USD: Simple Trading Tips for Beginner Traders on June 24. Analysis of Yesterday's Forex Trades
Open trading account Open demo account

Analysis of Trades and Trading Tips for the Euro

The price test at 1.1483 aligned with the MACD indicator's upward movement from the zero mark, confirming a valid entry point for buying the euro. As a result, the pair rose toward the target level of 1.1537.

Today, in the first half of the day, the euro may continue to rise, but this will require the release of strong data on the German business climate indicator. The euro will receive an additional boost if strong macroeconomic figures are published from Germany. Investors will interpret this as a sign of the German economy's resilience, the eurozone's engine. This may strengthen confidence in the European Central Bank's ability to control inflation and support economic growth. However, if the data falls short of expectations or Christine Lagarde expresses concerns about the economic outlook, the euro could come under pressure. A much stronger bullish impulse could also come from developments in the Middle East, where the intensity of the military conflict gradually decreases. An announcement of a ceasefire would be good news.

For intraday strategy, I will focus primarily on Scenarios #1 and #2.

This image is no longer relevant

Buy Scenario

Scenario #1: Today, buying the euro is possible when the price reaches around 1.1627 (green line on the chart), with a target of rising to 1.1684. I plan to exit the market at 1.1684 and sell the euro in the opposite direction, targeting a 30–35 pip move from the entry level. A bullish euro move today is expected following good economic data.

Important! Before buying, ensure the MACD indicator is above the zero mark and starting to rise.

Scenario #2: I also plan to buy the euro today in case of two consecutive tests of the 1.1597 price level at a time when the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. A rise to the opposite levels of 1.1627 and 1.1684 can be expected.

Sell Scenario

Scenario #1: I plan to sell the euro after it reaches the 1.1597 level (red line on the chart). The target will be 1.1554, where I intend to exit the market and buy immediately in the opposite direction (expecting a 20–25 pip move in the opposite direction from this level). Pressure on the pair is likely to return in the case of weak data.

Important! Before selling, make sure the MACD indicator is below the zero mark and starting to decline from it.

Scenario #2: I also plan to sell the euro today in case of two consecutive tests of the 1.1627 price level when the MACD indicator is in the overbought area. This will limit the pair's upside potential and lead to a downward market reversal. A drop toward the opposite levels of 1.1597 and 1.1554 can be expected.

This image is no longer relevant

What's on the Chart:

  • The thin green line represents the entry price where the trading instrument can be bought.
  • The thick green line indicates the expected price level where a Take Profit order can be placed, or profits can be manually secured, as further price growth above this level is unlikely.
  • The thin red line represents the entry price where the trading instrument can be sold.
  • The thick red line indicates the expected price level where a Take Profit order can be placed, or profits can be manually secured, as further price decline below this level is unlikely.
  • The MACD indicator should be used to assess overbought and oversold zones when entering the market.

Important Notes:

  • Beginner Forex traders should exercise extreme caution when making market entry decisions. It is advisable to stay out of the market before the release of important fundamental reports to avoid exposure to sharp price fluctuations. If you choose to trade during news releases, always use stop-loss orders to minimize potential losses. Trading without stop-loss orders can quickly wipe out your entire deposit, especially if you neglect money management principles and trade with high volumes.
  • Remember, successful trading requires a well-defined trading plan, similar to the one outlined above. Making impulsive trading decisions based on the current market situation 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
All Analytics
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – July 9th (U.S. Session) Trade Analysis and Tips for the Japanese Yen The test of the 146.93 level coincided with the MACD indicator just beginning to move downward from the zero line, which confirmed
Jakub Novak
13:25 2025-07-09 +02:00
1150
Forecast
GBP/USD: Simple Trading Tips for Beginner Traders – July 9th (U.S. Session) Trade Analysis and Tips for the British Pound The test of the 1.3590 level coincided with the MACD indicator having already moved significantly above the zero line, which limited
Jakub Novak
13:24 2025-07-09 +02:00
1060
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 – July 9th (U.S. Session)

Trade Analysis and Tips for the Japanese Yen The test of the 146.93 level coincided with the MACD indicator just beginning to move downward from the zero line, which confirmed
Jakub Novak 13:25 2025-07-09 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – July 9th (U.S. Session)

Trade Analysis and Tips for the British Pound The test of the 1.3590 level coincided with the MACD indicator having already moved significantly above the zero line, which limited
Jakub Novak 13:24 2025-07-09 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – July 9th (U.S. Session)

Trade Analysis and Tips for the Euro The test of the 1.1726 level coincided with the MACD indicator moving significantly above the zero line, which limited the pair's upward potential
Jakub Novak 13:22 2025-07-09 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 9th. Review of Yesterday's Forex Trades

Trade Review and Strategy for the Japanese Yen The test of the 146.50 level occurred when the MACD indicator had already moved significantly above the zero line, limiting the dollar's
Jakub Novak 10:03 2025-07-09 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on July 9th. Review of Yesterday's Forex Trades

Trade Review and GBP/USD Strategy The test of the 1.3571 level occurred when the MACD indicator had already moved significantly below the zero line, limiting the pair's downward potential
Jakub Novak 09:27 2025-07-09 UTC+2

EUR/USD: Simple Trading Tips for Beginners on July 9th. Review of Yesterday's Forex Trades

Trade Review and EUR/USD Strategy The test of the 1.1732 level coincided with the MACD indicator having already moved significantly below the zero line, which limited the pair's downward potential
Jakub Novak 09:20 2025-07-09 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)

Trade Analysis and Recommendations for the Japanese Yen The price test at 146.19 occurred at the moment when the MACD indicator had just started to move downward from the zero
Jakub Novak 12:59 2025-07-08 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)

Trade Analysis and Recommendations for the British Pound The price test at 1.3621 coincided with the MACD indicator just beginning to move downward from the zero line, which confirmed
Jakub Novak 12:55 2025-07-08 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on July 8th (U.S. Session)

Trade Analysis and Recommendations for the Euro The price test at 1.1751 coincided with the MACD indicator just beginning to move upward from the zero line, which confirmed the validity
Jakub Novak 12:53 2025-07-08 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on July 8th. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Japanese Yen The test of the 145.62 level occurred when the MACD indicator had already moved significantly above the zero line, which limited
Jakub Novak 12:09 2025-07-08 UTC+2

Top analytics

Relevance up to 22:00 2025-07-09 UTC--5
EUR/USD Forecast for July 9, 2025
06:58 2025-07-09
Technical analysis
Relevance up to 21:00 2025-07-09 UTC--5
USD/JPY Forecast for July 9, 2025
06:25 2025-07-09
Technical analysis
Relevance up to 21:00 2025-07-09 UTC--5
GBP/USD Forecast for July 9, 2025
06:30 2025-07-09
Technical analysis
Relevance up to 00:00 2025-07-10 UTC--5
EUR/USD: Simple Trading Tips for Beginners on July 9th. Review of Yesterday's Forex Trades
09:20 2025-07-09
Forecast
Relevance up to 03:00 2025-07-10 UTC--5
Forecast for EUR/USD on July 9, 2025
11:20 2025-07-09
Technical analysis
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.