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
29.05.2025 07:59 PM
EUR/USD: Simple Trading Tips for Beginner Traders – U.S. Session, May 29th
Open trading account Open demo account

Trade Analysis and Tips for the Euro

The price test at 1.1269 coincided with the MACD indicator beginning to rise from the zero line, confirming a valid market entry point. As a result, the pair gained 20 points.

As anticipated, the lack of significant economic data from the eurozone supported the euro's strengthening in the first half of the trading day. The absence of fresh negative news gave traders an opportunity to speculate on a partial recovery from the losses seen during the Asian session. However, the euro's upward potential is likely limited.

Today's release of U.S. GDP data for the first quarter will shed light on the pace of the U.S. economy's slowdown earlier this year. Analysts will closely examine this figure to assess the reliability of the current economic recovery and its implications for the Federal Reserve's future monetary policy. Stronger-than-expected results could strengthen the dollar and raise the likelihood of more aggressive interest rate hikes.

The jobless claims data, also due later today, will serve as an important indicator of labor market health. A rise in claims could signal employment weakness, negatively affecting consumer spending and, in turn, economic growth. Conversely, a decline in claims would confirm labor market stability and could support positive investor sentiment.

Pending home sales data will also be published today, providing insight into housing market activity. This metric is considered a leading indicator of future home sales and offers a sense of buyer sentiment and mortgage accessibility. A decline in pending sales could suggest a housing market slowdown, which may impact the broader economy.

As for intraday strategy, I will focus on Scenarios #1 and #2.

This image is no longer relevant

Buy Signal

Scenario #1: Buy the euro at 1.1306 (green line on the chart) with a target of 1.1348. At 1.1348, I plan to exit long positions and consider shorting for a 30–35 point pullback. Expect euro strength only after weak U.S. data. Important: Confirm that the MACD is above the zero line and just starting to rise before buying.

Scenario #2: I also plan to buy if the price tests 1.1274 twice while the MACD is in oversold territory. This will limit the pair's downward potential and could trigger a reversal to the upside. Targets would be 1.1306 and 1.1348.

Sell Signal

Scenario #1: Sell the euro after a decline to 1.1274 (red line on the chart). The target is 1.1227, where I will exit and consider reversing with a 20–25 point rebound. Pressure on the pair may return following today's U.S. data. Important: Confirm that the MACD is below zero and just beginning to fall before selling.

Scenario #2: I will also consider selling if the price tests 1.1306 twice while MACD is in overbought territory. This would limit upward potential and likely trigger a reversal. Expect a drop toward 1.1274 and 1.1227.

This image is no longer relevant

What's on the Chart:

  • Thin green line – Entry price for buying the trading instrument.
  • Thick green line – Suggested Take Profit level; further growth above this is unlikely.
  • Thin red line – Entry price for selling the trading instrument.
  • Thick red line – Suggested Take Profit level; further decline below this is unlikely.
  • MACD Indicator – Use overbought and oversold zones for guidance when entering the market.

Important Note for Beginners:

Forex beginners must be extremely cautious when entering the market. Avoid trading during major fundamental data releases to prevent getting caught in sharp price swings. If you choose to trade during news releases, always set stop-loss orders to minimize potential losses. Without stop-losses, your entire deposit may be at risk — especially if you don't use proper money management and trade large volumes.

Remember: Successful trading requires a clear and structured trading plan, such as the one outlined above. Making impulsive decisions based on current market conditions is generally 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
Crypto-currencies
Trading tips for crypto market on May 20 (North American session) Bitcoin and Ether performed well today in terms of buying following a pause in yesterday's bear market. Demand has returned to the cryptocurrency market, especially after geopolitical tensions eased somewhat
Miroslaw Bawulski
16:20 2025-06-20 +02:00
1675
Forecast
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session) Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data
Jakub Novak
15:49 2025-06-20 +02:00
2095
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 – June 20th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen Due to low volatility, the levels I indicated were not tested in the first half of the day. Given the data
Jakub Novak 15:49 2025-06-20 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)

Trade Review and Tips for the British Pound The test of the 1.3477 price level in the first half of the day occurred when the MACD indicator had already moved
Jakub Novak 15:39 2025-06-20 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – June 20th(U.S. Session)

Trade Review and Tips for the Euro The first test of the 1.1514 price level in the first half of the day occurred when the MACD indicator had already dropped
Jakub Novak 15:36 2025-06-20 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 20. Analysis of Yesterday's Forex Trades

The price test at 145.40 occurred when the MACD indicator dropped significantly below the zero mark, limiting the pair's downside potential. For this reason, I did not sell the dollar
Jakub Novak 08:53 2025-06-20 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 20. Analysis of Yesterday's Forex Trades

The price test at 1.3439 occurred when the MACD indicator had just begun to move upward from the zero mark, which confirmed a valid entry point for buying the pound
Jakub Novak 08:53 2025-06-20 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 20. Analysis of Yesterday's Forex Trades

The price test at 1.1484 aligned with the MACD indicator beginning to rise from the zero mark, confirming a valid entry point for purchasing the euro. However, the pair
Jakub Novak 08:53 2025-06-20 UTC+2

Intraday Strategies for Beginner Traders on June 20

The demand for risky assets returned yesterday, leading to a relatively strong weakening of the U.S. dollar. This may be due to the U.S. holiday and the lack of significant
Miroslaw Bawulski 08:33 2025-06-20 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the Japanese Yen The test of the 145.19 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 20:10 2025-06-19 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the British Pound The test of the 1.3394 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 20:08 2025-06-19 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the Euro The test of the 1.1459 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 20:06 2025-06-19 UTC+2

Top analytics

Relevance up to 06:00 UTC--5
EUR/USD: Simple Trading Tips for Beginner Traders – June 20th(U.S. Session)
15:36 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
GBP/USD: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)
15:39 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
USD/JPY: Simple Trading Tips for Beginner Traders – June 20th (U.S. Session)
15:49 2025-06-20
Forecast
Relevance up to 06:00 UTC--5
GBP/USD: Trading Plan for the U.S. Session on June 20TH (Review of Morning Trades)
15:31 2025-06-20
Trading plan
Relevance up to 04:00 UTC--5
Uptrend in US stock market about to crack. Will market maintain bullish momentum until end of summer?
17:09 2025-06-20
Stock Markets
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.